Jay Sachetti joined Jeff O’Brien, partner at Husch Blackwell and Dyanne Ross-Hanson, president of Exit Planning Strategies talked about the market for mergers and acquisitions, exit planning opportunities for companies that don’t end up for sale and how companies can maximize their eventual sale price during an early October panel at the first Upsize on Tap event at Summit Brewing Co. in St. Paul.
When the state Legislature passed a law requiring employers to provide paid leave and safe time for employees, Justin Bieganek started hearing differing details from friends, colleagues and peers.
“It’s crazy for them,” says Ray Memene, co-owner of Eagle Employment Inc., a Minneapolis staffing company. “They receive 50 to 60 invoices weekly for such services.”
That’s why Eagle is rolling out a vendor management system, so Eagle becomes the single staffing vendor managing all the rest, and the other vendors pay Eagle a fee. “So they just have one invoice,” he says about corporate clients.
A pilot program with two companies, each of which has employees all over the world, will go live soon, he says. He figures the system will be the key to future growth for Eagle, which has clients including Xcel Energy and Medtronic. Large corporations are looking for ‘value-adds’ from vendors.
Eagle came up with the idea by working with large companies and hearing their complaints. ?Corporate America wants it,? he says.
Ray and Brooke Memene started the company in 2001, gaining exposure to large corporations through their involvement in MMSDC, the Minnesota Minority Supplier Development Council. A $200 a year fee, says co-owner Brooke Memene, is well worth it, as the group hosts a number of activities with large corporations looking for minority-owned and woman-owned suppliers.
Eagle Employment also expanded into 15 states within the last year, placing workers there but running all the recruiting and hiring out of their Minneapolis office.
Expanding beyond Minnesota is a challenge. “Every state is so different, the employment laws,” says Brooke Memene.
“Every state you go to is like starting a new business,” says Ray Memene.
Eagle Employment was named business of the year by the Neighborhood Development Center in St. Paul this spring. It posted $3.7 million revenue in 2006.
Ray and Brooke Memene, Eagle Employment Inc.: 612.604.0576; br****@*************nt.com; www.eagleemployment.com
