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Highlights of the July/August 2005 Issue of FSB: FORTUNE Small Business

COVER STORY:
FSB 100 America's Fastest-Growing Small Companies, page 53
See attached release for more information about the FORTUNE Small Business 100 America's Fastest-Growing Small Companies list.

Extraordinary Companies, by Patricia B. Gray, page 68
The CEOs of some FSB 100 companies—they know who they are—can sum up how their businesses got there in one neat phrase: Growth happens. Some entrepreneurs find their corner offices situated at the intersection of positive factors beyond their control: rising energy prices, say, or changing demographics. Then there are the companies that seek out growth. FSB profiles a few of the companies that made the list and shows you how they do it.

The Richest, pg. 75
Call them Mini-Buffets: The executives who hold major stakes in their companies on the FSB 100 list. FSB hired Equilar, an executive-compensation research firm in San Mateo, California, to identify them and review the proxy statements of every company on the list. The full list can be found at www.fsb.com.

Pulling the Plug on Outsourcing, by Richard McGill Murphy, page 22
Before you move part of your business to Bangalore, know this: It may not be worth it. Everyone knows that big U.S. firms now outsource their tech needs to India and other low-cost, high-brainpower destinations. And the same has been true of small U.S. tech companies. Yet office rents in Bangalore now rival those in many midsized American cities . . . And the Indian labor market is less of a bargain nowadays. There's more than just money at stake in this decision. . . "The people who love outsourcing the most are the people who don't have to deal with it," says one Wall Street IT manager . . . Those people include venture capitalists, who have reacted to a post-bubble tech economy by asking startups to do more with less money. As a result, startups are under enormous pressure to cut costs.

The Lord of the Wings, by Patricia B. Gray, page 106
Leisure pursuits for — and by — entrepreneurs:
When you go up in an ultralight aircraft, it's just you, a small engine, and the wide-open sky. Ultralights are flying machines for the daredevil fringe of the aviation world. As defined by the Federal Aviation Administration, an ultralight is an aircraft that weighs no more than 254 pounds (without fuel or pilot) and hits a top speed of 63 miles an hour. Most have one seat; training versions have two. Powered by a tiny two-cycle engine, ultralights fly at about the same altitude as migrating birds: 500 to 2,000 feet. Part of the appeal . . . is their low cost . . . at about $10,000 . . . "You really feel a part of the sky," says Dave Ahlberg, Midwestern representative of the U.S. Ultralight Association. Writer Patricia B. Gray says — I've found the answer to my midlife crisis. I want my wings.

Illegal Entrepreneurs, by Julia Boorstin, page 42
Maria has no U.S. visa, and Jose's expires soon. Yet they own a profitable California factory, pay taxes and create jobs. "Jose" and "Maria" seem to be living the American dream. . . Jose, 36, runs a profitable seven-year-old garment business in Southern California that brought in $650,000 in sales and paid a six-figure tax bill last year, employing 25 people. Maria, 23, manages the firm's tidy, efficient office. But the life and the business they are creating could end abruptly. They're not citizens: Both arrived in the U.S. illegally, and they live with the threat of deportation. They wanted to tell their story to counter the argument that illegal immigrants represent a drain on the U.S. economy and to show that their contributions include founding companies and creating jobs.

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For further information please contact:
Amy Mahfouz
212-522-2134
amy_mahfouz@timeinc.com

Jenna Landry
212-522-4269
jenna_landry@timeinc.com

 

 

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