More Resources

Young Millionaires

Highland Homes
Article Tools
T   |   T
TEXT SIZE:
printPrint
E-MailE-Mail
My Bookmarks

Add to My Bookmarks
Young Millionaires
Our 2007 picks share their paths to success, strategies for the future and the secrets that propelled them to the top.

Adds Article to your Entrepreneur Assist Bookmark page.
Article Contents
Slideshow

Bob Shallenberger, 37, and John Cavanagh, 38
Highland Homes, St. Louis
Projected 2007 Sales: $22 million-plus
Description: Green residential builder

Open House: Bob Shallenberger and John Cavanagh enjoy having company over. Both live in homes built by their company, Highland Homes, and both use them as models to show potential customers what they can do. The two fraternity brothers from St. Louis University used "creative financing" and credit cards to launch their vision in 2003. "We did everything except rob banks," says Shallenberger.

It's a Green Thing: Highland Homes isn't your typical builder. Each new home comes with a plasma TV and the option of special packages like "Elvis Live," which includes a stereo, karaoke machine, CD player and iPod Nano. Those are fun extras, but the real difference comes down to Highland's environmentally friendly building methods: sustainably grown wood, rooftop decks, underground parking, lots of parklike green space and high-efficiency heating and cooling systems. Says Cavanagh about green building, "It's difficult and it's expensive to learn. It's challenging, and there's some risk in it. We see it as a big growth segment of the market." Their next move? "Being recognized as the top green residential builder in the country is the goal for us," he says.

Content Continues Below


Hip Homes: There's a definite spark to Shallenberger and Cavanagh when they discuss Highland Homes and the future of the business. "When we design a building, we live and breathe it," says Shallenberger. They have no shortage of projects lined up and no shortage of future homeowners looking to buy into their affordable and hip green urban developments. "We've got a bunch of cool people working for us," Shallenberger continues. "The people that we sell to are all really cool, too."

Follow Their Lead: Surround yourself with entrepreneurial-minded employees and you'll gain a creative, dedicated work force and a constant infusion of innovative ideas. --Amanda C. Kooser

  Page   1   |   2   |   3   |   4   |   5   |   6   |   7  


Today on Entrepreneur
Current Issue
Young Millionaires
From bootstrap to big time, our 2008 picks share their secrets to multimillion-dollar success.
Magazine Resources
sponsored by
Resource Centers
SecurityResource Center
Protecting your customers' information or preventing physical theft and keeping your company secure is a fundamental part of doing business

More Resources



Office Live Small Business
Get Online and Attract More Customers Now
Office Live Small Business Related Services

e-Business & Technology
Franchise News
Business Book Sampler
Starting a Business
Sales & Marketing
Growing a Business
E-mail*:
Zip Code*:
Subscribe to Entrepreneur Magazine