Larry Madrid, founder of Madrid Engineering Group, Inc., which is a GrowFL 2017 Florida Companies to Watch honoree, needed just one nudge onto the path of entrepreneurship. Now his company is thriving under the leadership of this accidental entrepreneur.
"I never expected to ever own my own company," he said. "I worked my way up the corporate ladder so that at some point I was in charge of a geotechnical department. At that point, I realized that I could manage multimillion dollar projects and various staff that were interdisciplinary and I thought if I could do it for that company, I might be able to do it for my own company. At the same time, a few people approached me about forming a company with them. Though it didn’t work out, it made me think about starting my own company and that's what I did. I may never have thought about it if they had not approached me with that question."
Madrid Engineering provides geotechnical engineering services and construction engineering inspection (CEI) services.
"Being extremely innovative is our differentiator," Madrid explained. "We are willing to use different methods to stabilize the soil to find ways to build on difficult ground, etc. Our solutions are sometimes out of the box."
Madrid is also honored to be recognized by GrowFL as a Florida Company To Watch.
"It is high praise for the work we've been doing for a number of years and recognition that we've tried to position ourselves for accelerated growth," he said.
Madrid's advice for aspiring entrepreneurs is to read Leadership Excellence by Pat Williams, of the Orlando Magic.
"There is a lot of business opportunity particularly in Florida," Madrid said. "Our economy is clipping along at a very strong pace and there are unmet needs in the market. For example, it's difficult to find people to do construction work right now because a lot of those people went to different industries after the real estate crash so there's high demand in that sector."