SAN DIEGO, CA (October 14, 2007) – Bridgepoint Education and its founder and chief executive officer Andrew Clark, was interviewed by Union Tribune staff writer Bruce Bigelow about the challenges and opportunities a firm faces when growing exponentially.
An excerpt of the article is below:
By Bruce V. Bigelow
UNION-TRIBUNE STAFF WRITER
October 14, 2007
Of all the business problems a company might face, growing fast is the one everybody wants to have.
The designation alone bears such manifest significance – growth! – that getting on a list of fastest-growing companies is tantamount to making an “A” list of Hollywood celebrities.
And like Hollywood, the number of arbiters who fulfill business dreams by preparing such lists also has been proliferating.
Among the oldest is Inc. magazine, which last month released its 26th annual list of America's 500 fastest-growing private companies, based on the audited financial results of self-nominated businesses.
The Deloitte & Touche accounting firm prepares a nationwide list of the fastest-growing technology companies, which is culled each year from 12 metropolitan regions. The firm's “Technology Fast 50” for San Diego was released Friday.
Yet what does fast growth really mean? And how do companies cope with the challenges?
At San Diego's Bridgepoint Education, chief executive Andrew Clark, 42, says peering into the future has been the biggest challenge for the adult education provider, which increased its sales by 4,215 percent from 2003 through 2006.
“I’d say the biggest challenge when you're growing at the rate we're growing is looking continually ahead and anticipating what our needs will be 10 or 12 months down the road,” Clark said.
About Bridgepoint Education
Based in San Diego, Bridgepoint Education was founded on the principle that anyone who is academically prepared deserves access to higher education without sacrificing quality, transferability of credits, accessibility, academic standards, or credentials. As an independent, private higher education company, Bridgepoint is committed to serving the millions of adults seeking an affordable alternative to high priced higher education. Bridgepoint Education subsidiaries provide both traditional and online education offerings, in addition to recruiting and admissions services. Our comprehensive education services have helped thousands of students improve their lives and careers through higher education. Bridgepoint Education was named by Inc. magazine as the fastest growing private education company in the United States. For more information, please visit us at www.bridgepointeducation.com or contact: Jessica Caris, Director of Public Relations, at 800.798.0584 Ext 2515