| Barry
Pulliam loves summertime. The hotter the better.
And things are really heating up this season for the owner and president
of Fort Worth based Pulliam Pools. Business is booming with no end in sight,
and more than family and friends are taking notice: Pulliam is a finalist
in the Southwest Area Entrepreneur of the Year Awards, the only Tarrant
County entrepreneur honored this year. His category: family business.
Poolside history
The Pulliam family business was actually launched
before swimming pools hit backyards en masse. In 1916, Theo Pulliam, Barry
Pulliam's grandfather, started a concrete company in Fort Worth. Renowned
for his waterproof cattle-dipping vats, he was recruited to build in-ground
pools - apparently afforded only by the most well-to-do and their cattle
back in the '20s. (The first pools, by the way, had no filter systems and
had to be drained weekly.)
Though specializing in both pools and concrete
work for a time, eventually Theo's sons split the company into two companies.
Both operations are now run by third-generation Pulliams.
Growing up learning the pool trade, Barry Pulliam's
first plunge into the deep waters of entrepreneurship came as a student
at the University of Houston, where he launched a pool cleaning and repair
business. Dubbed Aquamen Ltd., the company was under contract with some
40 pools for weekly service.
When Barry's father lost his service manager
at the family firm in 1970, Barry moved back to the family trade - but
not for good just yet. He soon ventured out again - "testing his entrepreneurial
bent" - this time tackling convenience store ownership and earth-sheltered
home development.
Dive in, the water's fine
But the tie to the family business was too
strong to ignore. When he took over the swimming reins in 1985, Pulliam
Pools was digging 25 to 30 pools a year.
"We quadrupled the sales the first year,
from 25 to 119. This year we'll be building about 250," Pulliam says.
Current annual sales: $4.5 million.
Pulliam Pools builds in Tarrant and four
surrounding counties, though it isn't interested in venturing into Dallas.
(Heading that far east and spreading his service staff that thin wouldn't
make sense economically, Barry says.)
Pulliam Pools is a member of Aquatech, an invitation-only
national organization of pool builders, and employs 22 staffers year round.
The remodeling side of business is also
on the grow, accounting for about 25 percent of jobs these days. It's an
area the family would like to develop further - but not during its busy
summer building boom. They're putting renovations off until September and
hope it will build business during the traditionally slow fall and winter
months.
In addition to the pool business, Barry
has also expanded into commercial real estate, which began with the purchase
of Pulliam's current 14,000-square-foot building, half of which is leased
to another company. His firm, Alta Mesa Properties Inc., is involved in
several joint venture projects, as well.
Marco, Polo
Barry attributes his big splash in the pool
business to seeking out customers through more aggressive marketing, such
as increased visibility and referral solicitation. "At this point, 50 percent
of our business is from someone who knows someone who has one of our pools,"
he notes.
When he came back to the company, he brought his
entrepreneurial drive in tow, continually working on ways to expand the
business, such as bringing different aspects of the building process in
house, notes Lizz Pulliam, Barry's wife and Pulliam Pools VP.
"He developed all the systems - for on-site
inspection and things like that - so that we could build in that volume
with quality," she says.
Among the successes: bringing plumbing under
the Pulliam umbrella. Plumbing -buried under layers of concrete, dirt and
decking - is critical, Barry says. "We actually have more control by bringing
it in house."
Tile and coping efforts, however, weren't such
smooth sailing. "With the economies involved, it's better done in a subcontractor
relationship," Barry concedes.
"Not all of them worked but nothing ventured,
nothing gained," he adds.
And this entrepreneur will continue to look for
new avenues of gain.
EOY
Family business - for which Barry Pulliam
is a finalist - is new to the 10-year-old Southwest Area Entrepreneur of
the Year awards this year. "It's for people who inherited a business and
then made dramatic changes in it," says Julie Jody, EOY program manager.
"The company itself was one of the very first in the pool business and
since Barry took over, it's experienced extensive growth."
Actual award winners will be announced in July
and then proceed to national competition. There are 46 U.S. regions, each
of which have eight to 10 categories of winners. Past EOY national winners
from the Southwest Area - which covers North Texas, Arkansas and Oklahoma
- include locals Bombay Co. chief Robert E.M. Nourse, Dallas Cowboys owner
Jerry Jones and Southwest Airlines' Herb Kelleher.
Created by Ernst & Young, the purpose
of the EOY program is to build support for entrepreneurship in the community.
National sponsors include the Entrepreneur of the Year Institute, NASDAQ
and USA Today. Regional corporate sponsors are IBM, Baker & Botts LLP
and Sprint.
Nominations for 1997's awards will be accepted
in January. |