For Kathy Lehne, the long list of challenges facing her when she started her company wasn't enough to extinguish her entrepreneurial fire.
By: Dennis Romero | 11/07/2008
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URL:
http://www.womenentrepreneur.com/2008/11/a-burning-urge-to-succeed.html
Name of company:
Sun Coast Resources
Inc.
Name of woman leader: Kathy Lehne
Based in: Houston.
Description: Wholesale distributor of petroleum products and related
services
Begun: 1985
2003 sales: $554 million
2007 sales: $1.1 billion
What inspired you to start Sun Coast?
"I created Sun Coast 23 years ago because I enjoyed the wholesale
petroleum-distribution business where I had been working. The fuel distributor I
was working for decided to close the Houston office in 1985. I was presented
with the prospect of relocating to a small town in east Texas. I really enjoyed
living in Houston [so] I decided to investigate the feasibility of starting a
fuel-distribution business of my own at the ripe old age of 23."
What challenges did you face?
Lehne needed working-capital credit facilities, so she had to develop banking
relationships. She needed fuel and operating supplies, so she developed
relationships with suppliers and countless vendors. What's more, "I needed to
recruit and hire a staff I could trust who shared my commitment and vision. I
needed to attract a credit-worthy customer base. I needed to develop a corporate
infrastructure to run the business. I had a burning entrepreneurial urge to
succeed."
Was there a key to your growth?
"Increased demand for petroleum products is a key driver in our business. In
addition, industrial and commercial enterprises need suppliers they can rely on
without exception. Sun Coast has achieved a sterling reputation." Lehner credits
her aggressive, professional marketing staff's follow-up on every
transaction--to ensure customer satisfaction--for her company's ever-increasing
piece of the pie. "And the size of our fleet significantly dwarfs our
competition."
How do you weather difficult economic climes?
"We micro-manage our costs, accounts receivable and day-to-day operating tactics
very carefully. Where needed, we tighten our belt as much as possible and hold
off on capital projects until the market improves."
Can you share with us any recent books you've read?
Good To Great: Why Some Companies Make the Leap . . . and Others Don't
by Jim Collins.
Do you have any advice for entrepreneurs starting out?
"Follow your dreams, and execute, execute, execute. Don't limit your horizons or
take no for an answer."
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