William Nemeth is always looking for a better way to do something.
The president and CEO of Mirifex Systems, a business and technology consulting firm, has found some of the best ideas comes from his employees.
His business model acts like a business incubator, and employees are encouraged to develop new practices and offerings. They have an opportunity to meet with Nemeth and other members of the leadership team to present a one-hour business plan, and if the plan is sound, the individual is charged with building the idea. This creates a culture of innovation that identifies new market opportunities and creates new products and services.
Each practice leader is expected to build a business that is based on innovation in its respective field. Regular external research, combined with institutional brainstorming, is used to identify new market opportunities and create a product or service that can capitalize on those opportunities.
Nemeth has specifically targeted as customers companies in the $50 million to $500 million range that are either ignored or underserved by larger competitors.
Mirifex offers value-added services such as its Wireless MBA solution, which combines products and services that provide the benefits of a custom application with the cost savings of packaged software. It has developed a toolkit that it uses to design, develop and deploy wireless applications. The MBA solution is provided free of charge to clients in an effort to leverage higher-margin services and ongoing support.
The managed services portion of his business offers annuity revenue, high margins, significant barriers to entry and a cost advantage over larger competitors, which will help the company achieve Nemeth’s goal of $100 million in revenue in the next three to four years.
How to reach: Mirifex Systems, (440) 891-1210