Address: 6619 W. Calumet Rd, Milwaukee, WI 53223
Website: www.alphasource.com
Year founded: 1986
Product or service offered: Alpha Source, Inc., a Wisconsin-based medical device distributor and manufacturer established in 1986, is a global supplier specializing in multi-vendor parts for the healthcare industry.
Projected 2011 revenue: $19 million
CEO, President/Owner(s): Norine Carlson-Weber, President
Target clientele: Hospitals, surgery centers, U.S. Government, clinical engineering services
Business organization memberships: Health Industry Distributors Assoc. (HIDA), Association for Advancement of Medical Instruments, Professional Women in Healthcare, Better Business Bureau
What has fueled your company’s growth?
Continued expansion within our current client base and development of new business opportunities
What is the biggest obstacle to your company’s growth?
The biggest obstacle now is economic uncertainty and inability to plan for the future, even in the short term. Interest rates, healthcare and mandated benefits, new regulations and uncertain tax rates all affect planning and seem to be a moving target.
Do you plan any changes in your company in the upcoming months?
An expansion of sales and marketing, both domestically and globally. Emphasis on new business development, website enhancement and strategic alliances
Who are the business people, locally or nationally, whom you admire? And what traits do those people exhibit that make you admire them?
I admire entrepreneurs and business people that are willing to take risks and create whole new industries, such as Mark Zuckerberg with Facebook. Creativity will keep us competitive and relevant.
What is the outlook for the business conditions of your industry over the next several months?
Moderate growth, more regulation
What is your company’s key strategy for rising out of the recession?
Reducing expenses, more effective sales and marketing initiatives, becoming closer to our customer, lean initiatives in manufacturing.
