From the beginning, I was involved early and often in the
decision making process from accounting and tax planning to business
marketing and goal setting. We would meet on a monthly basis to
discuss current performance and future goals.
During the first year, the startup was doing well with Robert and
Fred as the only employees. Then in 1999, with Y2K looming and
having taken advantage of opportunities in serving the healthcare
field, the company experienced excellent growth. Microwize was able
to maintain a 50% year over year growth through the first 5 years.
Reaching the one million dollars revenue mark in its fourth year.
Currently Microwize employs 15 persons with revenues near two
million and focuses solely on healthcare software and consulting.
As with any new business, there were many challenges and
decisions to be made. I was instrumental in developing a buy-sell
agreement between the partners. As the hiring process started, we
developed a complete benefits plan including health and dental
insurance, 401k plan, profit sharing and a stock options plan.
During the growth phase, we were able to secure a bank line of
credit to be used as backup for growing expenses. However, debt was
never really much of an issue as we kept our eye on revenues and
expenses and did not over-extend. Meanwhile, the line of credit was
used to take advantage of opportunities to secure software at
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