Top Black Entrepreneurs of the 2012

Posted By Urban News Hour | September 27, 2012

These 10 fast-growing, private companies are led by black entrepreneurs, most of whom are forging a decisive path working with the government. Many take lessons they learned in the military and apply them to running a successful business.

 

Concepts and Strategies
Washington, D.C.

No. 613
2011 Revenue: $20 million
Three-Year Growth: 598%

Jason Hinton always saw himself as an attorney, and even worked in litigation for a few years. Eventually Hinton became frustrated by the limitations of the industry and opted for starting his own business working with the U.S. government. Launched in 2005, Concepts and Strategies specializes in research and providing communications strategies and services to government agencies and non-government organizations—both domestically and internationally.

 

Leonard Boyd, Founder and CEO

Lux Consulting
Silver Spring, Md.

No. 649
2011 Revenue: $12.3 million
Three-Year Growth: 561%

Back in 1999, Leonard Boyd first started his company with eyes on the music industry. Since its inception, Lux Consulting Group, which previously ranked No. 630 on the 2011 Inc. 5000 list, has evolved to IT and grants management to federal agencies. “A company takes on your identity and as your company grows so does your influence,” says Boyd. “You need to make sure that that influence is consistent with who you really are.”

Janice Adams, Founder and CEO

JMA Solutions
Washington, D.C.

No. 128
2011 Revenue: $10.6 million
Three-Year Growth: 2,546%

After 23 years of service in the Air force, Janice Adams went into the consulting business and in 2003 founded her own company, JMA Solutions, which provides financial management, IT service, and systems and concept engineering to the federal government. The service-disabled vet credits her military experience with her management skills. She works with a team of fellow veterans and describes JMA solutions as a family. The company dropped from its No. 45 rank on the 2011 Inc. 5000 list.

 

Devon Henry, Founder and CEO

Team Henry Enterprises
Newport News, Va.

No. 688
2011 Revenue: $10.6 million
Three-Year Growth: 517%

Devon Henry has always had the entrepreneurial itch: “It started out small, but before I knew it—it was a rash,” he jokes. In 2006, Henry founded Team Henry Enterprises, a multi-disciplinary contracting firm specializing in construction management and environmental, marine, and emergency response services. To him, operating as a team has been one of the most important determinants of his company’s success.

 

Phillip Walker, Founder and CEO

Network Solutions Provider
El Segundo, Calif.

No. 376
2011 Revenue: $6.1 million
Three-Year Growth: 1,001%

Phillip Walker founded Network Solutions Provider, which ranked No. 297 on the 2011 Inc. 5000 list, in 2005. The company acts as a telecommunications or IT integrator—bringing all the different aspects of telecommunications together. Knowing that Network Solutions Provider will never be able to beat other competitors in marketing and advertising, Walker focuses on service and cutting IT costs for customers. “I created a company not only to sell products, but to fill in the gaps as well,” he says.

 

Indigo Johnson, Founder and CEO

Careers In Transition
Tucker, Ga.

No. 239
2011 Revenue: $ 5.2 million

Three-Year Growth: 1,500%

After years of working within companies and creating unusual programs, Indigo Johnson developed entrepreneurial skills and, in 1995, founded her own company—Careers In Transition. The company offers training, staff augmentation and project management to federal agencies, universities, and corporations. “Getting to this point in my career was a progression and it was never planned,” says Johnson. “There were a lot of stumbling blocks along the way but I learned from them.”

 

Tabatha Turman, Founder and CEO

Integrated Finance and Accounting Solutions (IFAS)

Woodbridge, Va.

No. 705
2011 Revenue: $4.1 million

Three-Year Growth: 501%

A former financial officer in the military, Tabatha Turman always envisioned herself as her own boss and became a consultant right after her service. She took the next big step in 2007 when she launched IFAS, which uses finance and accounting strategies to help companies build business models. She has commercial and government clients, including the U.S. Air force. “I needed to do what the army had trained me to do,” says Turman. “Provide services to the war fighter and the federal government.”

 

 

 

 

 

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