Wednesday, October 29, 2014
Source: Concentrate
Human Element has grown in a number of ways over the last year. It has watched its revenue spike by double-digits, its staff is on the rise, and its office expand by a few thousand square feet.
The downtown Ann Arbor-based e-commerce company (it specializes in the
Magento e-commerce platform) has watched its revenue jump by 40 percent since 2011. That has allowed it to hire three people, a software engineer and project manager over the last year, and it's looking to add a software developer now to its team of 13 employees and six independent contractors.
"Growing that quickly has its challenges," says Ben Lorenz, managing partner of
Human Element. "We're targeting 30 percent growth right now. We feel that is a manageable way to grow the team."
Which has prompted the 9-year-old company to expand its office. The company added 2,000 square feet earlier this year. Another addition of a few thousand square feet of office space seems like its in the card considering the company’s current growth curve.
"If we can stay on track of our growth plan we will need more space next year," Lorenz says.
He adds that a rebound in demand for e-commerce work, specifically the Magento platform, has driven the growth. Lorenz is quick to add that his company is controlling the growth because it takes a long timeline (typically closer to a year than just a few months) to get new hires up to speed with the rest of the team.
Another factor is
Ann Arbor SPARK giving a Phase 4 grant to Human Element last year. The $12,000 grant helped the company form some strategic planning for its growth so it can lessen the learning the curve to getting bigger.
"SPARK has been helping us quite a bit," Lorenz says.
Source: Ben Lorenz, managing partner of Human Element
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.