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CEO takes technical writing company coast to
coast
By Bill Bittar
A CitiGroup executive called
in Vital Computer Services to document his systems after his
department failed an audit in 1981. And he told the Manhattan
consulting firm he would not pay them if he failed his next
audit. Vital’s vice president was skittish about working on a
project without any guarantee of a profit, and wanted to back
out. But while he saw the potential risk, his second-year
consultant saw an opportunity.
Antoinette
Allocca, who now lives in Easton, leaned on the executive’s
promise to hire Vital to document all of the systems in his
department if he passed the audit with their help. The
potential reward would be great, be cause CitiGroup could become
a lucrative client. And Allocca also banked on the executive’s
desperation over what a second failed audit would mean to his
job status.
Allocca went to
her company’s president and said, “What if I show you what we can
do?”
She made a
presentation with John Lieberman, a “superstar” technical
writer, and got the green light from her boss. And after
completing their jobs….
“We passed the
module to the auditor and he said. “This is the best piece of
documentation that I have seen in my career,” Allocca recalled
proudly while sitting in the living room of her Easton home on
Friday afternoon.
It was this kind
of forward thinking that propelled Allocca’s own company,
Essential Data Corporation to become the biggest player in the
technical writing field years later. With a Stamford
headquarters and a new office sprouting up every week, Essential
Data is well on it way to becoming a national company.
Essential Data
Corp. is capitalizing on the growing need for companies to
provide accurate documentation of procedures, systems, and
programs for their employees and outside auditors.
“Clients are
desperate for our services,” Allocca said. “Documentation
allows their systems to be more efficient and profitable.”
Allocca founded
Essential Data in 1988 when the company produced $1 million in
sales. Three years later sales grew to $20 million before
peaking at $25 million in 2000.
Profits dropped
steadily during the recession, but Allocca prepared her company
for a massive expansion effort once the harsh economic times
passed. Now Essential Data is back on track, and Allocca
projects $30 million in sales by the end of this year.
And most of the
expansion has taken place from her home office. Essential Data
now has satellite managers in New York, New Jersey, California
(the Silicon Valley, Los Angeles and Orange County), Arizona,
Illinois, Minnesota, Washington, Texas, Georgia, Pennsylvania
and Massachusetts. She expects to have 50 offices by 2007.
Antoinette’s transformation
In 1988, Allocca
married Mark Greenspan, who also worked at Vital and is now
chief operating officer at Essential Data, and she became
pregnant with their first child, Simone. By that time, Allocca
was the top sales producer at Vital and was elevated to partner
– but, professionally, she felt unfulfilled.
For one thing,
Allocca’s promotion did not include as increase in her salary.
“It dawned on me: “I’m doing all the work and they are keeping
most of the profits,” she said of her two partners. “Even
though my income was a quarter of a million dollars, it was a
quarter of what they were earning off of me.”
Allocca quit
her job and devoted her time to her new company, Essential Data,
and in 1995 she took a course at the Women’s Business
Development Center to learn how to grow her business.
“They made some
suggestions to me about hiring people who are experienced, so I
hired someone from the Senior Placement Center if Stamford,
which finds jobs for people age 55 and up.”
Because she
could not yet afford to pay high salaries, Allocca instead
offered commissions that were four-times the industry standard.
Within six months, Allocca said her new employees earned a
six-figure income.
“After this guy
took off, I put in an ad and I had guys that were ex Wall
Streeters who wanted to work for me,” Allocca said.
Allocca had
discovered an opportunity. By hiring older employees who fell
victim to massive layoffs during the era of corporate
downsizing, she benefited from wisdom gained through years of
experience.
Essential Data
had shared office space in Stamford but now Allocca was able to
mover her company into a large eight-desk office within the
building.
“I interviewed a
guy with an MBA from Villanova,” she said “and I thought, “He’ll
never take this job. We’re a little company.”
But Allocca was
surprised when the prospective job candidate called her from his
cell phone. “He said, ‘I though about it on the way to the car
and realized I should have pounced on this.’ I hired him. Now
I had two guys.”
The economy
picked up in 1996 and Allocca filled up all eight desks, before
relocating to an office with 14 desks at 45 Church Street –
which she promptly filled up with a hungry staff.
From sea to shining…..
Essential Data
was riding high in the ‘90’s, but it was no immune to the
economic downturn in the national economy. By the year 2000,
profits steadily dropped and some of Allocca’s older executives,
whose annual earnings had climbed to a high of $500,000 started
to retire.
“Now I found
myself not going to the office in Stamford,” Allocca said. “I
was more energized. I could see the whole picture.”
Allocca promoted
recruiter, Tom Walsh, to company vice president and started to
work from home. While taking walks and reflecting on her past
experiences, Allocca remembered a conversion she had had with a
former employee over coffee, which reminded her of her original
plans for Essential Data.
“She said,
‘What’s your vision of this company?” Allocca recalled. “And I
said, ‘I wanted to be a leader in technical writing and be a
nationwide consulting company.
After 9/11
tragedy, American’s way of life, including the way the do
business, changed forever. Seeing the World Trade Center’s twin
towers crumble to the ground forced companies to plan more for
unexpected disasters – and an opportunity for technical writers
emerged.
Companies now
had to devise disaster plans in the event of another attack.
That, coupled with state and federal regulations, as well as
corporate planning and programs, caused a dramatic increase in
demand for written documentation.
Allocca
initially assigned each one of her salespeople a state, but the
effort failed. She realized she had to have people on the
ground and had to become more involved in the hiring process.
Allocca wanted
to expand without constantly flying out of state, so she hired
satellite managers who opened home offices in other states.
Managers communicate with her, the technical writer and their
clients via satellite phone system installed in her house.
John Dolan, who
opened an office in Boston six months ago, already had Fidelity
Investments and State Street Bank as clients. Dolan said
joining Essential Data is alike opening a franchise for free.
“It gives you a
feeling of ownership of what you do,” he said.
Striking a balance
By having a home office, Dolan said he is able to
spend more quality time with his wife Suzanne and their two
young children, Bridgette and Peter, when he’s not pounding the
pavement and working the phones for new clients in Boston.
Working form
home has also make Allocca’s family closer.
Greenspan said
he does not miss the long commute he used to take from northern
Stamford to New York every day. And, Allocca added, she now has
more energy when she is home.
“I’ve become a
very involved father because of this,” Greenspan said, “because
I don’t have to commuter four hours a day.”
Allocca and
Greenspan built their dream home in Easton and moved into it in
2003. Their daughter Simone, who is now 17, is enrolled in a
boarding school, and their daughter Judy, 15 is as well.
Allocca said their son Joey, who goes to Helen Keller Middle
School in town, and their youngest daughter Olivia, 8, a Samuel
Staples Elementary School third grader, are always happy to see
their parents when they come home from school – adding there is
no shortage of hugs.
Greenspan is
proud of his wife’s success with Essential Data.
“She’s a
genius,” Greenspan said. “She is. She has incredible foresight
and strategic ability. She’s a very persuasive, inspirational
leader.”
Allocca said her husband has supported her business
venture every step of the way, adding, “It’s a big difference
when you have a spouse who says, “I believe in you.”
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