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THE HOOK: - A senior CEO (65) masters the high tech office

The story: - Don Day, CEO of Realtime Services, moved to Germany for a year - just to see if he could run his company long distance. It experienced it's best growth year, ever.

Why do I care? -- Don Day is a member of my TEC group

Joe Anderson
Chair - TEC 2042
Orlando, FL
jva2000@aol.com
(407) 774-1860

 

WHO: -------- Don Day - (65) CEO of
xxxxxxxxxxxxxx Realtime Services, Orlando, FL
WHAT: ------ Ran his company long-distance,
xxxxxxxxxxxxxx from Germany for a Year
WHEN: ------ Just this past year
WHERE: ---- Realtime Services is located in Orlando
WHY: --------- Just to see if it would work

The Story
DRAFT ---- DRAFT ---- DRAFT ---- DRAFT ---- DRAFT

At an age when most senior executives are looking for a soft place to sit, Don Day decided to confront the high tech world head-on. Says Day, CEO of Realtime Services "If the virtual office had any merit, I figured I ought to find out how virtual it could be." So Don loaded up his family and moved to Germany, lock stock and laptop computer - to see the sights, sample the strudel and to find out just how successful long-distance management could be.

"It is the ultimate test of delegation," says Joe Anderson, Chairman of The Executive Committee (TEC) an executive roundtable group for CEOs. "We're very serious about helping members get out from under the day to day burden of running their companies. Doing so allows them to get back to the strategic efforts that built the business, or to spend more time with spouse and kids -- or like Don -- to use the freedom to move to Europe."

Day moved back to Orlando after a year, because of three things:
xxx1. "I happen to like living in the good ole U.S. of A.;
xxx2. I put on 9 pounds on all that strudel; and
xxx3. I still have things I want to do."

RealTime Services provides unlimited money to fund the Account Receivables for supplemental staffing companies and also runs the back room (accounts receivable and payable, payroll, taxes, benefits, billing and insurance) for these temporary help companies. This frees their owners to do what they do best - pound the pavement and concentrate on sales.

It is a vibrant niche that has given Day the opportunity to grow from $40 million to $90 million in just the past 12 months. "Our goal," says Day with a twinkle in his eye "is to be doing $1 billion a year by 2006. If we make it, I'll see about running this place from the space station for a year." Don Day still has things he wants to do.