"As principles and branch managers, we were familiar with how the offices operated," Curt explains. "It was the nitty-gritty of putting a company together that was new to us. We needed help with accounting, financing, legal issues, and insurance. We also wanted to establish an employee-ownership incentive program that would reward people who contributed to the company's growth."
The engineers discovered that it would take a host of consultants to provide all the business start-up skills and services they needed. But one resource stood out from the rest—SCORE. "We didn't want to deal with five or six different specialists," Curt says. "SCORE was the most comprehensive resource available. The more we learned about them, the more we felt they were the resource we were looking for."
As their business plan neared completion the prospective owners selected five financial institutions to work with. "Nobody turned us down," Curt says proudly. "Everybody complemented us on the plan's thoroughness and conservative projections. As a result, we were able to secure a very competitive operations funding package."
The purchase became official on January 1, 1999. Today, Olympus Technical Services provides a wide range of environmental design, remediation and response services to the Rocky Mountain area. The company's first 12 months exceeded even the most optimistic expectations with sales topping $1.7 million. Olympus Technical Services also recently implemented its employee stock ownership program, giving each of the 16 full-time employees a stake in the company's success and future.