3 Steps: Buy Your Parents Company, Run It and Become Gigantic

Photo of Jason Cohen, Courtesy The Washington Post

In 2013, National Small Business Week honored 50 state winners as exemplary small businesses. In Virginia, Jason Cohen's ILM Corporation was acknowledged as a leader in the state. ILM Corporation "provides document management solutions in Washington DC, Virginia, and Maryland, including data capture, data entry, digital imaging, document scanning and much more. We have over 35 years experience of creating custom data solutions for all types and sizes of organizations, private and public." This local success story exemplifies how a small business can grow from humble roots. Jason's story is one of perseverance and you can read about he now runs the firm where he started in 1992.

A quick excerpt from a Washington Post article about the firm shows how perseverance is key:

'When we started, a lot of the work we’d do at our own brick and mortar [location]. But contracts became unstable, and the marketplace was shifting,” he said, explaining that a large chunk of ILM’s business had come from print publishers, who subsequently began using word processors. “There wasn’t that need to take books, and things like that, and do the data entry portion.We started closing down parts of the operation.”
At its leanest, the company, which used to employ hundreds, counted just six employees during the mid-1990s. “We came to a point where we had no work,” Cohen said.'

Running a small business and succeeding is no small feat. Sometimes you just need assistance to survive and thrive. With Silver Rock Funding, business owners can get the small business loans they need to grow. Whether its $5,000 for a small project or $500,000 for renovations, expansions or something else, we can help. Get started today with Silver Rock Funding and you could be on the way to growth.

For more on National Small Business Week, check out http://www.sba.gov/nsbw/nsbw