4 Star Electronics, Inc. is #90 on Entrepreneur's Hot 100 for 2006
Entrepreneur and Pricewaterhouse Coopers Release 12th Annual Hot 100 Listing of Fastest-growing New Companies in the U.S.
Irvine, May 23, 2006 – Entrepreneur magazine has released the 12th Annual Hot 100 listing of the fastest-growing new companies in the United States. The listing is comprised from an initial list of fast-growing companies from PricewaterhouseCoopers.
San Clemente, CA (May 23, 2006) - 4 Star Electronics, Inc. is named one of the top 100 fastest-growing new entrepreneurial companies in America in the June 2006 issue of Entrepreneur magazine. Duane Wilson, Josh Wilson & Jake Wilson founded 4 Star Electronics, Inc. in 2001 with 3 employees and a $200k initial investment. Four years later, with a staff of 18 and $7 million in sales in 2006, 4 Star Electronics, Inc. is number 90 on Entrepreneur's Hot 100 list.
Total combined sales of the Hot 100 companies for 2006 reached an impressive $1.7 billion, up from $1.5 billion last year. This year, the business services industry took the lead with 33 companies on our list, including staffing, advertising and consulting firms. Also on the rise are employee benefits; 43 businesses offer flextime, and 33 offer telecommuting. Keeping employees happy and satisfied tops the list of main concerns for Hot 100 business owners, based on the popular philosophy that fast growth for many businesses is largely due to having the best staff on hand to manage it all.