Tim Healy, CEO of PropLogix, which was named a GrowFL Company To Watch in 2017, has used his big business experience to grow PropLogix from an emerging company to a stage two powerhouse.
"I worked most of my career for government," he said. "I was VP of retail operations for the US Postal Service. I also spent several years after leaving the Postal Service working for Pitney Bowes as a Vice President and then President of Novitex. After I left Novitex, I was doing to some part-time consulting when a friend of mine called to say her friend Jesse Biter was looking for a CEO for his company.”
In July of 2015, Healy met with Biter and his partners, Evan Berlin and Jamie Ebling, and decided to join the company. It was his first introduction to a startup company.
“Jesse, who is an amazing entrepreneur, helped mentor me on how to grow a startup and I took a lot of knowledge and process from my experience and brought it to PropLogix. This has turned out to be an amazing partnership,” said Healy.
He attributes a big part of the company’s success to involvement from the three owners.
“Without their help and support we would not be where we are today," Healy said. "The success of any company is the success of a whole team. Individuals do not make companies successful, teams make companies successful.”
PropLogix operates in the real estate due diligence vertical bringing innovation to a mature industry. Their core products support title companies and real estate attorneys, supporting municipal lien searches, open permit searches, code violations, estoppel letters, land surveys and payoff tracking.
“There are many people in this space when it comes to each individual product, but no competitor that does all of them,” Healy explained. “We're a one-stop-shop so title agents don’t have deal with three or four vendors. Our technology is a big differentiator. We're constantly innovating and making our software better and more customizable for customers. We are also fully integrated with the largest title software companies, which sets us apart from our competitors."
Healy is honored that PropLogix was named as a GrowFL Company To Watch.
"It’s pretty amazing," he said. "We’ve received a lot of recognition this year. The week after we won the GrowFL award, we made the Inc. 5000 and ranked in the top 500. We've been recognized at both the regional, state and national level. When we announced that we ranked no. 392 on the Inc. 5000, people were really excited. We actually closed the office down for a party and employees invited friends and family to celebrate with us."
Healy advises aspiring entrepreneurs that you have to have something that will solve a problem for someone and you need to believe in your product.
"Do something in the marketplace that no one is doing," he said. "If you just do what everyone else does, you'll become a commodity in an industry where everyone is competing by lowering their price. Just doing things cheaper is doomed to failure, you have to innovate. You also have to have a smart business plan and build a great process, as well as a good team around you. Lastly, the most critical factor is that you have to have a great culture where people want to work. It's the hardest thing to keep as you grow. You can't forget what got you there."