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Thursday, Mar 28, 2024

Financial Consulting Company Put Selectivity into Plans for Expansion

By JEFF WEISS Contributing Reporter DLC Inc. Woodland Hills No. 8 Fastest Growing Company Overall (45.5%) Seeing DLC Inc.’s name on the Business Journal’s List of the Fastest Growing Private Companies is becoming almost as commonplace as seeing Meryl Streep at the Academy Awards. A regular on the Valley Business Journal’s list, the Woodland Hills-based financial consultant firm also topped the Los Angeles Business Journal’s 2003 Fastest Growing Private Company chart, as well as earning a spot on the prestigious Inc. 500 list. Of course, this isn’t entirely uncommon for new companies, but few have been able to sustain continued growth like DLC. Most recently, the firm has successfully expanded into new markets, entering Chicago, Dallas and San Francisco in the last two years. According to CEO David Lewis, the growth has been challenging but more than worthwhile. “It’s always a challenge when you grow a company as fast as we have,” Lewis said. “In Chicago we’ve been there less than two years, but we’ve already established some of the biggest and most established brand names in that city. It’s always been a part of our growth strategy.” The Dallas office has been open less than a year and the San Francisco office opened just a month ago. But Lewis remains sanguine regarding his prospects for new revenue streams. “We were careful in how and where we decided to expand. We did things to mitigate risk,” Lewis said. “We selected Dallas because it suited our firm. We looked for places that had a substantial number of Fortune 1000 companies, places with good feeder schools and to places that were capable of providing talent into organizations in a diverse array of industries.” Additionally, DLC Inc. has been pro-active in responding to the downtrend of certain economic sectors. “With the downturn in Southern California and elsewhere, the mortgage banking industry has had less demand, so we’ve had to employ workers into areas with more robust growth.” As for the future, Lewis maintains that the company plans to be in five different geographic regions in five years, with goal revenues set at $250 million by 2012.

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