Firefly Automatix, Inc.: Fastest Growing Company in Utah According to MountainWest Capital Network

Utah 100 Fastest Growing Companies in Utah Released

SALT LAKE CITY, Oct. 18, 2016MountainWest Capital Network (MWCN) today announced and honored Firefly Automatix, Inc. as the fastest growing company in Utah for 2016 at the 22nd annual Utah 100 Awards Program recognizing the 100 fastest growing companies in Utah.

“During a time when Utah continues to break all economic indicators as one of the hottest growth states in the country, we’re very pleased to honor Firefly Automatix, Inc. as this year’s fastest growing company in Utah,” said Paul Skeen, chairman of the MWCN Utah 100 committee. “We had a record number of companies vying for the 100 fastest growing companies in Utah this year — a true indicator of the business and economic success occurring in Utah. We recognize each company of the Utah 100 and congratulate them on their growth and success.”

Of the Utah 100, the top 10 fastest growing include: Firefly Automatix, Inc., Lucid Software, Crest Financial Services, LLC, Auric Solar, Collective Medical Technologies, Inc., 1 Source Business Solutions, Pluralsight, IdealShape, BetterBody Foods & Nutrition, and Alder.

Led by Utah Gov. Gary Herbert, Utah has experienced unprecedented growth in business and industry while attracting top companies and creating an environment where stand-out organizations like these can flourish.  ​”Utah is a leading state both in the number of startups and the number of companies that survive their first five years,” Gov. Herbert said. “This annual event is a great ​opportunity to celebrate t​hose innovators, business owners, and entrepreneurs who keep our communities vibrant and strong.”​

Additionally, MWCN recognized the 15 Top Revenue Growth and the Emerging Elite companies in Utah.

2016 Top Revenue Growth Companies — These companies have the largest dollar amount of revenue growth for the five-year period of 2011 through 2015 and may or may not be included in the Utah 100.


2016 Emerging Elite — These companies have less than five, but more than two years of operation and show significant promise for future growth and success. They are not ranked and are listed in alphabetical order:


2016 Utah 100 by rank:

  1. Firefly Automatix, Inc.
  2. Lucid Software
  3. Crest Financial Services, LLC
  4. Auric Solar
  5. Collective Medical Technologies, Inc.
  6. 1 Source Business Solutions
  7. Pluralsight
  8. IdealShape
  9. BetterBody Foods & Nutrition
  10. Alder
  11. Dash2 Group
  12. ProdataKey, Inc.
  13. inwhatlanguage
  14. Connexion Point
  15. PrinterLogic
  16. SilencerCo
  17. Health Catalyst
  18. YipTel
  19. Advice Media, LLC
  20. Zarbee’s, Inc.
  21.    Landmark Home Warranty
  22.    Travel Pass Group
  23.    eLearning Brothers
  24.    Black Clover Enterprises, LLC
  25.    Onsite Care, Inc.
  26.    Xima Software
  27.    Spilt Ink SLC, LLC.
  28.    Osmond Marketing
  29. Rubicon Contractors
  30. Highmark School Development
  31.    Boostability
  32.    Creminelli Fine Meats, LLC
  33.    Method Communications
  34.    Home Base Appraisal Management
  35.    Convirza
  36.    Four Foods Group
  37.    Edge Homes
  38.    Profire Energy
  39.    ApplicantPro
  40.    Spring Mobile
  41.    Maschoff Brennan
  42.    BKA Content
  43.    Ark Insurance Solutions, LLC
  44.    Executech
  45.    Goodwin Media
  46.    Foresight Wealth Management
  47.    Avalaunch Media
  48.    iGlobal Stores
  49.    ObservePoint
  50.    Veritas Funding, LLC
  51.    ForeverGreen Worldwide Corporation
  52.    LifeVantage Corporation
  53.    Alliance Health, LLC
  54.    Solutionreach, Inc.
  55.    DrivingSales, LLC
  56.    G&A Partners
  57.    Wadsworth & Sons III
  58.    NorthStar Home
  59.    American Crafts
  60.    UST
  61.    Cariloha
  62.    All Filters, LLC
  63.    Progressive Power Solutions
  64.    Simple Systems, Inc.
  65.    HealthEquity
  66.    Graduation Alliance
  67.    Red Sky Solutions
  68.    Prestman Auto
  69.    Design Imaging
  70.    Workfront
  71.    Market Data Service, LLC
  72.    Domega
  73.    Prince Perelson & Associates
  74.    Conservice
  75.    Process Instruments, Inc.
  76.    Premier Plastics, Inc.
  77.    Lizard Skins
  78.    Utah Mortgage Loan Corporation
  79.    AvantLink
  80.    Innovecture, LLC
  81.    97th Floor
  82.    Universal Synaptics Corporation
  83.    GV Floorcare
  84.    Lashbrook Designs
  85.    StorageCraft Technology Corporation
  86.    Costa Vida
  87.    DynaQuest Technologies
  88.    Packsize International
  89.    Amara Day Spa Salon & Boutique
  90.    3 Key Elements
  91.    Xyngular
  92.    Genysis Brand Solutions
  93.    Lawn Butler
  94.    Launch Leads
  95.    Young Automotive Group
  96.    DPS Skis
  97.    Beauty Industry Group
  98.    Bask Technology, Inc.
  99.    Diamond Wireless
  100. Candlelight Homes

 
The percentage of revenue increase of each company between 2011 and 2015 determines the Utah 100. Those companies with the largest dollar amount of revenue growth in 2015 make up the Revenue Growth winners. The Emerging Elite are selected from among companies with

less than five, but more than two years of operation that show significant promise for future success.

About MountainWest Capital Network

MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. For more information, visit www.mwcn.org, LIKE us on Facebook and follow us on Twitter @MWCN and LinkedIn.

MountainWest Capital Network Releases Utah 100 Fastest Growing Companies

Utah 100 to be Ranked Later at Annual Event; Record Number of Nominations

SALT LAKE CITY, Sept. 7, 2016 — Utah’s economy continues to impress key business leaders across the country. Named one of the top states to do business, Utah attracts entrepreneurs and business owners who strive to take advantage of the business-friendly environment created by state and local officials.

MountainWest Capital Network (MWCN) has announced the fastest growing companies in Utah for 2016, and will rank those businesses at the 22nd Annual Utah 100 Awards Program event at the Grand America Hotel in October.

“Utah remains one of the best economic and entrepreneurial states in the country. With its dynamic economy and long-term stability that invites strong companies, the state has an ample number of businesses that demonstrate incredible growth,” said Paul Skeen, Chairman of the MWCN Utah 100 committee. “It is a pleasure to recognize each of the Utah 100 and acknowledge their success, progression and foresight.”

The 2016 Utah 100 Event

  • Tuesday, October 18, 2016
  • Noon to 1:30 pm
  • Grand America Hotel, 555 South Main Street, Salt Lake City, Utah 84111
  • Tickets to the Utah 100 event are available at www.mwcn.org.

2016 Emerging Elite — These companies are the actual Emerging Elite for 2016. They are not ranked and are listed here in alphabetical order:

2016 Utah 100 in ALPHABETICAL Order — Rankings will be announced at the Utah 100 program on October 18.

The event will also highlight the 15 Top Revenue Growth. The percentage of revenue increase of each company between 2011 and 2015 determines the Utah 100. Those companies with the largest dollar amount of revenue growth in 2015 make up the Revenue Growth winners. The Emerging Elite are selected from among companies with less than five, but more than two years of operation that show significant promise for future success.

MountainWest Capital Network Releases Utah 100 Fastest Growing Companies

Utah 100 to be Ranked Later at Annual Event; Record Number of Nominations

SALT LAKE CITY, Sept. 2, 2016 — Utah’s economy continues to impress key business leaders across the country. Named one of the top states to do business, Utah attracts entrepreneurs and business owners who strive to take advantage of the business-friendly environment created by state and local officials.

MountainWest Capital Network (MWCN) has announced the fastest growing companies in Utah for 2016, and will rank those businesses at the 22nd Annual Utah 100 Awards Program event at the Grand America Hotel in October.

“Utah remains one of the best economic and entrepreneurial states in the country. With its dynamic economy and long-term stability that invites strong companies, the state has an ample number of businesses that demonstrate incredible growth,” said Paul Skeen, Chairman of the MWCN Utah 100 committee. “It is a pleasure to recognize each of the Utah 100 and acknowledge their success, progression and foresight.”

The 2016 Utah 100 Event

  • Tuesday, October 18, 2016
  • Noon to 1:30 pm
  • Grand America Hotel, 555 South Main Street, Salt Lake City, Utah 84111
  • Tickets to the Utah 100 event are available at www.mwcn.org.

2016 Emerging Elite — These companies are the actual Emerging Elite for 2016. They are not ranked and are listed here in alphabetical order:

2016 Utah 100 in ALPHABETICAL Order — Rankings will be announced at the Utah 100 program on October 18.

The event will also highlight the 15 Top Revenue Growth. The percentage of revenue increase of each company between 2011 and 2015 determines the Utah 100. Those companies with the largest dollar amount of revenue growth in 2015 make up the Revenue Growth winners. The Emerging Elite are selected from among companies with less than five, but more than two years of operation that show significant promise for future success.

About MountainWest Capital Network

MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. LIKE us on Facebook and follow us on Twitter @MWCN and LinkedIn. www.mwcn.org

From bootstrapping to scaling a business, MWCN Business Boot Camp to help business owners succeed

Dr. Stephen D. Neeleman of HealthEquity will headline the event

SALT LAKE CITY, Mar. 23, 2016 – MountainWest Capital Network (MWCN), the largest business networking organization in Utah, will hold its third annual Business Boot Camp. The conference will provide practical business seminars for entrepreneurs and emerging companies to help overcome common business challenges and will feature Stephen D. Neeleman, MD, founder and vice chairman of HealthEquity, as its keynote speaker.

“Our goal with Business Boot Camp is to help businesses and entrepreneurs succeed,” said Todd A. Reece, president of MWCN. “Utah is currently one of the best places in the country to begin a new business or grow an established one. The business climate here is one of the strongest we have ever seen. Boot Camp is designed to provide many of the tools and insights entrepreneurs and business owners can use to be as successful as possible here in Utah.”

There will be three tracks of seminars during Boot

  • Camp that will cover:
  • Managing cash flow
  • Bootstrapping: lessons learned
  • Scaling your startup
  • How to pitch to investors
  • Why risk management is important
  • Crowd funding basics
  • And many other topics

MWCN Business Boot Camp is proud to present as its keynote speaker, Stephen D. Neeleman, MD, Founder and Vice Chairman of HealthEquity, which he founded in 2002. With experience as a trauma surgeon for Intermountain Healthcare and a vision to repair the fractured relationship between patients and their physicians, Neeleman will speak on how he helps more people obtain health insurance by reintroducing consumerism to healthcare. His experiences can be applied by entrepreneurs and business owners throughout Utah. HealthEquity is dedicated to helping Americans thrive in today’s health care system by empowering health savings, while helping employers manage benefit costs.

Business Boot Camp will be held March 23 at the Salt Lake Community College Miller Campus – KGMC Building from 8:00 am to 1:30 pm. People can register at http://www.mwcn.org/event-registration.

About MountainWest Capital Network

MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. LIKE us on Facebook and follow us on Twitter @MWCN and LinkedIn. www.mwcn.org

Crest Financial: Fastest Growing Company in Utah According to MountainWest Capital Network

Utah 100 Fastest Growing Companies in Utah Released

SALT LAKE CITY, Nov. 3, 2015MountainWest Capital Network (MWCN) today announced and honored Crest Financial as the fastest growing company in Utah for 2015 at the 21st annual Utah 100 Awards Program recognizing the 100 fastest growing companies in Utah.

“During a time when Utah continues to break all economic indicators as one of the hottest growth states in the country, we’re very pleased to honor Crest Financial as this year’s fastest growing company in Utah,” said Paul Skeen, chairman of the MWCN Utah 100 committee. “We had a record number of companies vying for the 100 fastest growing companies in Utah this year – a true indicator of the business and economic success occurring in Utah. We recognize each company of the Utah 100 and congratulate them on their growth and success.”

Of the Utah 100, the top 10 fastest growing include: Crest Financial, Boostability, Onsite Care, Inc., Xima Software, Universal Synaptics Corporation, Peak Capital Partners, eLearning Brothers LLC, Simplicity Laser, YipTel, LLC, and Zarbee’s, Inc.

Additionally, MWCN recognized the 15 Top Revenue Growth and the Emerging Elite companies in Utah.

2015 Top Revenue Growth

– These companies have the largest dollar amount of revenue growth for the five-year period of 2010 through 2014 and may or may not be included in the Utah 100.

  1. Huntsman Corporation
  2. Nu Skin Enterprises
  3. Skywest, Inc.
  4. Myriad Genetics, Inc.
  5. Overstock.com, Inc.
  6. Extra Space Storage, Inc.
  7. Vivint
  8. Ancestry.com, Inc.
  9. Diamond Wireless
  10. USANA Health Sciences, Inc.
  11. Merit Medical Systems, Inc.
  12. LifeVantage, Corp.
  13. ZAGG, Inc.
  14. Spring Mobile
  15. England Logistics

2015 Emerging Elite

– These companies are the actual Emerging Elite for 2015. They are not ranked and are listed here in alphabetical order:

2015 Utah 100 by rank:

  1. Crest Financial Services, LLC
  2. Boostability
  3. OnSite Care, Inc.
  4. Xima Software
  5. Universal Synaptics Corporation
  6. Peak Capital Partners
  7. eLearning Brothers
  8. Simplicity Laser
  9. YipTel, LLC
  10. Zarbee’s, Inc.
  11. Pluralsight
  12. Lifevantage, Corp.
  13. Health Catalyst
  14. The Ready Project
  15. Black Clover Enterprises, LLC
  16. BKA Content
  17. Silencerco
  18. PrinterLogic
  19. DPS Skis
  20. Creminelli Fine Meats
  21. Four Foods Group
  22. The Edge Custom Shop
  23. ObservePoint
  24. Cache Private Capital
  25. Apt Marketing Solutions
  26. Graduation Alliance
  27. Dynamic Screening Solutions, Inc.
  28. Executech
  29. DrivingSales, LLC
  30. Method Communications
  31. Sustainable Energy Solutions
  32. Davies Development
  33. Profire Energy, Inc.
  34. Cariloha
  35. Sub Zero Ice Cream
  36. Wadsworth & Sons III
  37. 3 Key Elements, Inc.
  38. ApplicantPro
  39. ENVE Composites
  40. VendExcel, LLC
  41. ForeverGreen Worldwide Corporation
  42. Avalaunch Media
  43. OptConnect
  44. Storagecraft Technology Corporation
  45. GMRE, Inc.
  46. Design Imaging
  47. Goodwin Media
  48. Solutionreach, Inc.
  49. Lawn Butler
  50. Foresight Wealth Management
  51. iTOK, Inc.
  52. Vetora LLC, DBA EcoSwift
  53. Candlelight Homes
  54. Weave
  55. Market Data Service, LLC
  56. HealthEquity
  57. Lashbrook
  58. Premier Plastics, Inc.
  59. Latter Day Products
  60. Innovecture, LLC
  61. Coates Electrical & Instrumentation, Inc.
  62. You Need A Budget, LLC
  63. Packsize International
  64. Spring Mobile
  65. Red Sky Solutions
  66. Conservice
  67. Genysis Brand Solutions
  68. American Crafts
  69. Five Star Franchising
  70. ZAGG Inc
  71. Xyngular Corporation
  72. Workfront, formerly AtTask
  73. InMoment
  74. BSD Medical Corporation
  75. Rocky Mountain Vacuum Brokers
  76. 97th Floor
  77. AvantLink
  78. Diamond Wireless
  79. Burrus Financial Services, Inc.
  80. GotYourGear, LLC
  81. Interior Alliance
  82. Veritas Funding
  83. Process Instruments, Inc.
  84. School Improvement Network, LLC
  85. eFileCabinet, Inc.
  86. Aviacode
  87. Amara Day Spa Salon & Boutique
  88. Flexpoint Sensor Systems, Inc.
  89. CLEARLINK
  90. Truenorthlogic
  91. GPS Capital Markets
  92. Professional Cable, LLC
  93. Lizard Skins
  94. SimTek Fence
  95. NorthStar Alarm
  96. Larsen Billing Service, LLC
  97. Domega
  98. Parallel HR Solutions, Inc.
  99. Cicero Group
  100. Vivint

The percentage of revenue increase of each company between 2010 and 2014 determines the Utah 100. Those companies with the largest dollar amount of revenue growth in 2014 make up the Revenue Growth winners. The Emerging Elite are selected from among companies with less than five, but more than two years of operation that show significant promise for future success.

About MountainWest Capital Network

MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. For more information, visit www.mwcn.org, LIKE us on Facebook and follow us on Twitter @MWCN and LinkedIn.

MountainWest Capital Network Releases Utah 100 Fastest Growing Companies – the Hottest Business Climate in US

Utah 100 to be Ranked Later at Annual Event; Record Number of Nominations

SALT LAKE CITY, Sep. 15, 2015 – At a time when Utah continues to out perform all other states in creating a powerful ecosystem for businesses to start, succeed and grow, MountainWest Capital Network (MWCN) today released its annual list of the 100 fastest growing companies in Utah. The 21st annual MWCN Utah 100 Awards Program on Nov. 3 will highlight rankings of the Utah 100.

“It is clear Utah is one of the hottest places in the country to start or run a business,” said Paul Skeen, chairman of the MWCN Utah 100 committee. “As a strong indicator, we had a record number of Utah companies vying for the 100 fastest growing companies in Utah along with about a 400 percent increase in the number of Emerging Elite nominations. It is a pleasure to recognize this year’s Emerging Elite companies along with the Utah 100 fastest growing companies, which will be ranked at our November event.”

The 2015 Utah 100 Event

  • Tuesday, November 3, 2015
  • Noon to 1:30 pm
  • Grand America Hotel, 555 South Main Street, Salt Lake City, Utah 84111
  • Tickets to the Utah 100 event are available at www.mwcn.org.

2015 Emerging Elite

– These companies are the actual Emerging Elite for 2015. They are not ranked and are listed here in alphabetical order:

2015 Utah 100 in ALPHABETICAL Order – Rankings will be announced at the Utah 100 program on November 3.

The event will also highlight the 15 Top Revenue Growth.

The percentage of revenue increase of each company between 2010 and 2014 determines the Utah 100. Those companies with the largest dollar amount of revenue growth in 2014 make up the Revenue Growth winners. The Emerging Elite are selected from among companies with less than five, but more than two years of operation that show significant promise for future success.

About MountainWest Capital Network

MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. For more information, visit www.mwcn.org, LIKE us on Facebook and follow us on Twitter @MWCN and LinkedIn.

Moving Business Westward

The story might have broken a few months ago, but we’re still buzzing about Salt Lake City’s proposed Depot District that will soon break ground near the iconic Rio Grande Depot just south of The Gateway. The initial scope of the project puts the development between 5th West and 6th West, stretching between 2nd South and 4th South, with possible further developments reaching as far south as the Granary District, where warehouse conversions and a new brewery are already in the works. The Depot District will serve to revitalize the aging Station Center neighborhood and complement UTA’s intermodal hub that lies just southwest of Rio Grande.

“The redevelopment already beginning on the west side of downtown Salt Lake City is creating hip neighborhoods where young people are congregating to create exciting new companies,” said Devin Thorpe, Chairman of MWCN. “We expect to see companies appearing on the Utah 100 Emerging Elite from that neighborhood within a few years.”

While the project is several years from completion, we’re thrilled at opportunities the development will provide for entrepreneurs to spread their wings and take advantage of the SLC’s booming west side. The area sits on already existing Trax and FrontRunner lines, has already seen new up-scale housing developments (like Liberty Gateway), and boasts an up-and-coming art district. The development also promises to offer street fair space, which will provide additional opportunities for drawing large crowds to the area. And while developers have assured that the Depot District won’t be another Gateway, we see ample opportunities that will serve to revitalize that outdoor shopping space that has suffered since City Creek came to town.

Young, business-savvy entrepreneurs will be fighting to corner real estate in new and exciting areas like the Depot District. How hungry are you to score a slice of the pie?

Why the Golf Course is the Perfect Place to Meet Potential Clients

Last week was our annual Deal Makers Golf Tournament at Thanksgiving Point Golf Course. There’s nothing like a day on the links to take your mind off work and meet other likeminded people. By all accounts, it was a great success. Chris Baird, Executive Vice President of OptConnect thinks so, too: “One of the guys on my team said ‘MWCN sure knows how to put on a tournament!’ and he’s right!” Baird said. “We’re interested in sponsoring again next year.” So are we, Chris. (Fair warning to all: Sponsorship spots go fast!)

The event got us to thinking: What is it about golf that makes it the perfect setting for meeting with potential clients?

It’s intimate and non-threatening. Coffee shops and restaurants can get loud. When you meet a potential client there, you run the risk of constantly being bothered by wait staff and the cacophony of other patrons. It can be hard to have a conversation in this kind of environment. And your office can be threatening to someone who’s never been there. Why not take things outdoors? Getting in 9 or 18 holes first thing in the morning is therapeutic. And your potential client will feel it, too. Golf naturally has ebbs and flows of activity, too, so your partner won’t feel pressure to carry a conversation. You’ll both be allowed to dip in and out of shoptalk in between shots.

You get to see how people handle certain situations. Business can be stressful. Seeing how a potential client handles pressure can give you a pretty good idea of how he or she would react in a business setting. If they slice their ball into the woods or into a lake, does their 7-iron also go with it? Do they constantly blame the ball or the course for their mistakes? When the going gets tough, is your potential client tough enough to get going, learn from his or her mistakes, and work hard to get the job done?

It’s a marathon, and marathons require endurance. 18 holes isn’t for rookies. It takes patience and grit. If you’re looking for a client with whom you can do business for the long haul, perhaps the way he or she makes it through a round of golf can be a telltale sign of things to come. If the client gives up halfway through, suggesting instead that you retire to the clubhouse for drinks, it may speak to larger volumes about the person’s commitment.

Golf brings out your character. Does your potential client like to play golf or does he or she like to be seen playing golf? Do they constantly brag about their handicap or miraculous puts they’ve sunk, or do they simply want to enjoy the game with you? A person’s subtle characteristics might be difficult to pick up during just one game of golf. But when you do, it could mean the difference between working with a client who’s self-involved and a client who wants to journey side-by-side with you.

Strength in Numbers

Boot camp isn’t for the faint of heart. Every year, tens of thousands of new military recruits enter basic training with little idea of what to expect. And every year, tens of thousands of military recruits leave basic training completely different people. It’s a life-changing experience that prepares soldiers to hold their heads high when faced with dangerous situations.

The point of boot camp, however, isn’t to comprehend and retain every vital survival and combat skill in one fell swoop. That’s why it’s called basic training. The point of boot camp is to create camaraderie and to open relationships of trust with your fellow soldiers. To learn to put your life in the hands of your brothers and sisters. When a unit works together as a team to put into practice all of the skills that they’ve obtained, they become much stronger than any man or woman could alone.

So it is with business and new entrepreneurs. It seems like every week, a new boot camp training seminar rolls into town. Panelists, guest speakers, and industry leaders from all over the world inundate seminars with their wealth of knowledge and hand young businessmen and businesswomen the keys to success.

This year, we watched MWCN Business Boot Camp attendees take feverish notes and ask endless questions in an attempt to learn the tricks of their trade. For eights hours, they stuck it out in the trenches as they were bombarded on all sides by incredible information and advice from seasoned professionals. These young, highly educated professionals are hungry for information and it was a thrill to see them soak it up.

But even more important than the information that was shared by our vast panel of speakers was the camaraderie that was shared among event attendees. Networking may seem a like a fruitless endeavor for some, and those few miss the point of meeting new people and making new contacts. Because you don’t have to go it alone.

How, then, do you make use of all this new information? Connect. Share. Open a discussion. Learn from others’ successes and failures. Don’t be afraid of failure. But learn and grow from it. Then wash, rinse, and repeat. It’s a failsafe formula. Creating a networking of likeminded individuals and drawing on their experiences is tantamount to success. They’re your brothers- and sisters-in-arms.

We invite you to train with us. Keep an eye on the horizon for networking events and use our vast resources to connect. You’re not alone out there.

MWCN’s Business Boot Camp Whips Entrepreneurs into Shape

“By all standards [Business Boot Camp] was a tremendous success. Every attendee I spoke with was completely blown away by the quality.” – Travis Marc Wilson, Jones Waldo Holbrook & McDonough

MountainWest Capital Network held its second annual Business Boot Camp on Wednesday, June 3rd at the Little America Hotel in Salt Lake City. To say that the event was a tremendous success is an understatement. The event drew scores of early- to late-stage entrepreneurs and young to seasoned professionals from all over the state for a day of networking, inspiration, and instruction.

Over the course of the eight-hour event, attendees had the option of choosing among courses from three unique tracks, each of which was tailored to give an overview of and address issues that even the most experienced entrepreneurs may not be thinking about when in pre- to post-startup mode. Topics ranged from how to pitch to investors, how to finance a startup, the legal side of equity financing, how to market your business, building a winning management team, and much more.

Warde Allan, an attorney for Durham Jones & Pinegar and co-chair of the event, said that “it was inspiring to see such a large group of entrepreneurs turn out and to hear their excitement about the content being shared. They all seemed to be taking notes and asking thoughtful questions. As I talked to people throughout the day, it was obvious that everyone felt they were getting real value from attending the event.”

Attorney Ron Poelman, senior partner and shareholder from Jones Waldo Holbrook & McDonough addressed the importance of board members to a company’s success. He noted how a study done in 1985 over a 25-year period showed that the single most important factor in successful business is experienced management. Poelman noted, “You need people with their heads in the clouds and people with their feet on the ground. If you’re young, you can only be successful if you have the ability to see yourself as you truly are; the biggest mistake is presuming you know more than you do.”

Speaking to the importance of harnessing emerging technologies, Dan Milne, a partner at Eide Bailly, outlined several warning signs that a business might have the wrong fit. In the event that a software publisher discontinues updates on a product or eliminates the product all together, that business will always be one step behind its competition. Businesses must assess their needs from the outset, realizing their culture and technology curve and determining the right technologies for the business size. Functionality is key: The right team and the right outside consultants will help you to match the technology with your business.

Perhaps the highlight of the event was the lunchtime keynote that was delivered by Ken Krogue, Utah native and founder and Chief Strategy Officer of InsideSales.com. During his presentation, he described how his company’s success is based on watching Google trends and riding trends that are going up, not down. Harnessing new technologies and hiring the right sales people creates an unstoppable man-plus-machine hybrid that will make the conveyer belt run faster and more efficiently.

Exciting things are happening in Utah and Boot Camp embodies the spirit of the Silicon Slopes. Cheri Farnsworth Waldron, Executive Director of MWCN agrees. “The event was a smash success in providing entrepreneurs with the opportunity to connect and learn from the very best in their industries,” she added. “The energy in both the breakout sessions and the networking in-between was inspiring.” And that’s exactly what boot camps are designed to accomplish.

Boots to the ground, soldiers. We’ve got your six.