If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. There is a trend among entrepreneurs wanting to keep running companies without seeking an exit. Kristin Quinlan, CEO of Certified Languages International (CLI), told us about one such evergreen company in 2015. Sramana Mitra: Let’s start at the very beginning
Sramana Mitra: What is the current thinking now that you’re approaching $30 million? Many companies at your stage start thinking about selling a portion of the company… Kristin Quinlan: There has been a lot of interest in our company from outside. We’ve been through two exercises on what that would look like. That was about
Sramana Mitra: Where are you right now revenue-wise? Kristin Quinlan: Last year, we were at $23.2 million. We’re on course to do, at least, $27 million this year. We can be as high as $30 million. Sramana Mitra: Is this a highly profitable business? Kristin Quinlan: Yes, it’s highly profitable. All of our growth has
Sramana Mitra: Besides that differentiator, how do you acquire customers? Kristin Quinlan: A lot of our growth has been through outreach from our sales team as well as from leveraging the relationships with one entity and being recommended to others. We are really good at what we do and we have got an exceedingly strong
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. There is a trend among entrepreneurs wanting to keep running companies without seeking an exit. Certified Languages International (CLI) is one such evergreen company. Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where