Upsize Online

December 2013 • January 2014

Upsize is a magazine with a single mission: to help Minnesota's small-business owners build bigger and more profitable companies, and to connect CEOs with the people, products and ideas they need to grow.

Issue link: http://www.e-digitaleditions.com/i/233484

Contents of this Issue

Navigation

Page 23 of 31

Upsize Business Builder of the Year About this project claims. Before the advertising, though, came the focus groups, where Hayden learned the "property manager" title that most such companies use meant nothing to consumers—customers surveyed were unable to name the main tasks property managers do. But when "landlord" was used, everybody knows the drill. Now, "we refer to ourselves as professional landlords," Hayden says. Hayden is an early "retiree"—although it's clear he doesn't mean that he's out of the game—because two months ago he appointed his long-time trusted employee as CEO. Now Hayden acts as "a walking billboard" and chief brand spokesperson. about the judges "I knew this business was going to outgrow Judges for the Upsize Business Builder Awards were asked to consider three criteria: three-year my expertise," he says to explain the change certified revenue growth, impact of the best practice on company performance, and sustainability of in titles and roles, and he enrolled at MIT's the growth model. They are, l to r: Dean Willer, attorney, Winthrop & Weinstine, dwiller@winthrop. entrepreneurial education program, among com ; Rick Brimacomb, founder, Brimacomb + Associates, rick@brimacomb.com; Georgene others, to learn how to lead a fast-growing Bergstrom, circulation director, Upsize Minnesota; Terri Banaszewski, Sunrise Banks, terri. business. banaszewski@sunrisebanks.com; Wes Bergstrom, publisher, and Beth Ewen, editor, Upsize. He's developed his own business philosophy in just a few years, which includes his rejection of some of the common lines. You've ing," he recalls—and then came the housheard the saying, "fail fast, fail often and learn ing crash. "A year later the wheels quit from your failures," Hayden says. "I thought Torqbuddy LLC turning and we closed the business." that was cool" when he first learned the adHis lifestyle downgraded quickly. "It Inventor by necessity builds was feast no longer and famine for sure," age, but then he changed his mind. "I thought that was the stupidest thing tools to fill a need he says, and he took a job selling tools. I've ever heard. Why learn from failure— But he read every magazine he could, you only learn what not to do. I believe you attended every seminar he learned about, should learn from successes," he now con- Jeff Backlund was satisfied with and finally made his move. "I squirreled tends. his residential remodeling and construc- away enough to compete with my comtion business for years. "At the time I was petitor," and start his own tool business. lazy and content with what we were doIn 2010 Backlund discovered an oppor22 upsize december 2013 • january 2014 www.upsizemag.com photo by jonathan hankin The Upsize Business Builder Awards, presented by Winthrop & Weinstine, is an annual contest designed to recognize Minnesota entrepreneurs for driving smart, sustainable growth. From nominations, Upsize selected five finalists: Vicky Vogt, Four Daughters Vineyard & Winery, vicky@ fourdaughtersvineyard.com; Martin Hebig, Maverick Software Consulting, mhebig@mavericksoftware.com; Brenton Hayden, Renters Warehouse, brenton@renterswarehouse. com; Jeff Backlund, Torqbuddy, jeff@torqbuddy. com; and Jamin Arvig, WaterFilters.net, arvig@ commercialwaterdistributing.com. They presented their stories in a private session in December, after which judges named Jamin Arvig the Upsize Business Builder of the Year. Upsize is proud to present all five impressive entrepreneurs in these pages, in hopes that every business owner will draw wisdom and inspiration from their tales.

Articles in this issue

Links on this page

view archives of Upsize Online - December 2013 • January 2014