VACO Lands at 33 on INC 5000 list
Vaco: Free Yourself from a Master
INC Magazine just named Vaco the 33rd fastest-growing company in America. The five-year-old company grew by 2,800 percent through 2006, with 2006 revenues of $68M. Through serving clients in the finance and accounting, technology and administrative fields, Vaco has become the fastest growing privately-held consulting and executive placement firm in the country. Entrepreneurialism is so integral to the company’s success that it is embodied in the name itself, Vaco, which means to “to free oneself from a Master” in Latin.
Vaco was designed to attract and retain the best team in the industry – a blend of accomplished professionals with industry experience and high potential players with the capacity for greatness. Through an autonomous environment, equity opportunities, enthusiastic culture and zealous pursuit of only the strongest players the firm is accomplishing just that. In an industry where turnover can exceed 60%, theirs is less than 5% since inception. The company has also grown from one office in 2002 to 17 in August of 2007.
Founder Jerry Bostelman credits the leadership of each office as the key to the organization’s success. “Each office is it’s own LLC and led by a team of entrepreneurs encouraged to creatively run their business. Through truly adopting the spirit of Vaco, free yourself from a master, everyone has the opportunity to drive and enjoy the success, not just those tasked with managing operations.”
The promise of freedom to own and run a business is a powerful tool for someone who has the enthusiasm and earnest desire to create something great. “Speaking for myself, coming to Vaco meant a flexible schedule driven by a chance to enhance my pay, earn equity and embrace the challenge of creating something new,” Frances Moreno, partner, Los Angeles says. “I’m a competitor. When you couple this sense of shared competition with the promise of freedom, and you add to the mix of like-people who share the same goals and genuinely enjoy what they do, success is just a matter of time and effort.”
Denise Bennett-Walls, a partner in Orlando, details her decision to join Vaco as a journey with individuals she enjoys. “As Jack Welch says, ‘…you’ve got to be out there on the lunatic fringe.’ With this as my guiding light, I knew I would work with a sharp team armed with a killer mission and uncompromised value system. I just didn’t know who they were, or what that business would be. I was sitting in a conference room with other Vaco partners and I knew these were the people I had in mind…humble, driven, fun, unique, well-rounded people. They just see a promise of freedom as their lunatic fringe.”
Bostelman is pleased with the recognition, but is more concerned with keeping the ship sailing. “It’s an honor to be recognized. We proudly took a minute to bask in the glow and then went back to the game. Awards are the scoreboard. We keep our focus on the field where our clients need us to provide key players and project solutions. Where our consultants and candidates are searching for the next step in their career or the next challenging engagement. We are just getting started. I know there are many stifled entrepreneurs wasting away in bureaucratic organizations who would thrive in the Vaco environment. If they want the freedom to pursue success and have the skills to back it up, we have the opportunity.”
VACO Lands at 33 on INC 5000 list