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Fortune Small Business

Highlights of the July/August 2006 Issue of FSB: FORTUNE Small Business

The full stories are available at FSB.com.

COVER PACKAGE
FSB 100 America's Fastest-Growing Small Companies
, page 34
See the attached release for more information about the FORTUNE Small Business 100 America's Fastest-Growing Small Companies list.

Better, Faster, Bigger, page 60
Among the companies on the FSB 100 list this year, energy and defense firms jump out as the big winners for obvious reasons. But what do an artificial gemstone firm, a teen-tour operator, and a granola-bar machine maker have in common? A recipe for growth. Five FSB 100 CEOs share their success stories in helping their companies generate momentum in non-booming industries.

The 25 Richest, page 56
How much are you worth? For the top insiders at FSB 100 companies, the answer is largely a matter of public record. Equilar, an executive-compensation research firm in San Mateo, Calif., reviewed the proxy statements for firms on the FSB 100 list. When the shares owned outright and vested options are factored in, these 25 executives have the most bling.

BEST PRACTICES
HR=Higher Revenues?
, by Myrlande Davermann, page 80
Micromanaging will do more than annoy employees; it will slow your growth. A recent study by Cornell University, sponsored by the Gevity Institute, a human resources outsourcing firm in Bradenton, Fla., surveyed 323 small businesses and found that small businesses that granted workers more autonomy grew at more than four times the rate of those that relied on tight top-down controls. And that's not all. FSB looks at how feel-good office tactics can result in a good-looking balance sheet.

Is the NFIB Losing Its Voice?, by David Whitford, page 20
Its close ties to Republicans have helped make the National Federation of Independent Business (NFIB) the top lobbying group for small business. But its recent defeat on a key Senate health-care bill indicates that the NFIB's partisanship now could be diminishing its clout. NFIB CEO Todd Stottlemyer faces the challenge of expanding the NFIB's political reach. "I certainly want to do that. I'm willing to see anybody, talk to anybody, who's for small business. It's not a Republican mandate, it's not a Democratic mandate."

INNOVATION
A Shrimp Bandage
, by Philip Siekman, page 67
More than half of all military combat deaths result from blood loss. So when Bill Wiesmann and Kenton Gregory developed a shrimp-derived trauma dressing with unique blood-stanching properties, the U.S. military was their first and most obvious customer. By the end of 2005 the Army had purchased 100,000 HemCon bandages for more than $90 each. This year the Army is ordering another 180,000 and issuing one to every U.S. soldier in Iraq and Afghanistan and five to every medic. Now HemCon is trying to turn its military success-selling its exotic bandage made of crustacean shells-into a broad-based civilian business.

REAL ESTATE
From Tenant to Landlord
, by Brian O'Reilly, page 82
Obviously plenty of small-business owners have cautiously and prudently purchased a shop or office to house the company. But bolder entrepreneurs are applying their hard-won business acumen and intimate knowledge of the communities surrounding them to a much more complicated venture: buying commercial real estate. The idea is to fix it up, rent it out and reap the financial rewards-all while maintaining your original business. FSB talks to three entrepreneurs who took the plunge and have no regrets.

FSB is available in digital format. To access this version go to: http://digital.fsb.com .

 

For further information please contact:
Erin Clinton
212-522-4071
erin_clinton@timeinc.com

Brett LeVecchio
212-522-0361
brett_levecchio@timeinc.com

 

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