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|Articles - May 2011|
|Wednesday, April 20, 2011|
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As Lew Danielson read a worn, creased piece of yellow ruled notebook paper before work nearly 18 years ago he didn’t know he was reading the future.
Danielson is now the CEO and chairman of the board of Crimson Trace, the company he co-founded in 1994 based upon the mission statement that he wrote on that worn piece of paper dated “9/28/93” he now has framed in his office. The creased piece of paper has bullet points like “we will dominate the market” and “have top-notch customer service.” Following these and other simple guidelines has served them well. With revenues of between $40 million and $50 million, the Wilsonville-based company makes state-of-the-art laser gun sights, employs around 100 people and controls 70% of the national market for laser gun sights. It has seen a 10% to 12% annual growth rate for the past four years.
Danielson was formerly the president at EPS, a now-defunct Portland company that made parts for Boeing, when he decided to form Crimson Trace in 1996 to meld his professional experience and passion for shooting. The prototype laser sights were initially machined on weekends at EPS and were rather clunky; now the company uses CAD software to design the modular sights that are partially built by Hillsboro-based injection molding company R&D Plastics before being finished at the company’s Wilsonville factory “Oregon is a great place to start a business; you can start on a bootstrap,” says Danielson. “In California, you’re broke before you start,” he says, referring to permitting fees.
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Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
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BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
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When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
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BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
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BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
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BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
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I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
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