Richard Stopa, a Principal at Bay Business Advisors, has a keen desire to assist sellers and buyers since he sincerely believes in entrepreneurship.
During his career, Richard has been involved in many entrepreneurial ventures himself in addition to helping many others get a start in the business world.
Richard became a Business Broker because he derives great pleasure in helping people with their needs and business goals. It is the perfect opportunity for him to put to work the skills he has amassed while at the same time helping others.
Richard is an experienced business professional with over 30 years of owning businesses and working in senior level management positions for mid-size and large corporations. He has a proven track record in franchising, retail service businesses, and real estate. He was a senior level executive in the IT industry for over 20 years and worked for companies in computer distribution, reselling computers and services, e-commerce and software companies.
Below are details of his experience:
Franchising: Extensive franchise sales and operations experience in the Inacomp Computer Centers franchise system. As president of Inacomp America, built a 600 unit franchise and computer dealer network. Developed franchisee marketing, sales and operational programs for Inacomp. Worked with major companies in the computer industry such as IBM, H/P and Apple Computer.
Retail: Set up, opened and managed a 20,000 square foot retail and warehouse for Inacomp Computer Centers. Grew sales to over $15 million. Founding team member of subsidiary, Computer City, one of the first computer superstore chains. Managed Jouvence Aveda Salons and Spas, a multi-location salon and day spa with heavy retail presence.
E-Commerce: Spent over six years as a CEO and COO of two e-commerce companies respectively, Technology Net, Inc. and eDeposit Corporation. Oversaw all aspects of the operations including sales, marketing, management and software product development.
Real Estate: Founded and operated Community Management Company, a property management company representing 6,000 condominiums. Former licensed real estate broker in Michigan.
Small Business: Founded and participated in the management of five small businesses.
Corporate: Eleven years experience in the high tech retail and business-to-business formats. Richard was a senior executive and reported to the CEO of a private computer and franchise organization that went public and became a $3 billion company before being purchased by Compaq Computer Corporation. Revenue growth during his tenure went from $25 million to $1.5 billion.
Business Development and Acquisition: Helped raise $12 million in venture capital for TechnologyNet, Inc. and over $1 million for a retail computer start-up.
Industry Chairman: Served as the elected, volunteer Chairman of CompTIA, one of the largest national computer trade associations.
Mid-Atlantic Business Intermediaries Association Present Member and Immediate Past President, Board of Directors
International Business Brokers Association Present Member
CompTIA, the Computing Technology Industry Association
The ASBC, American Small Business Coalition Present Member
Dulles Regional Chamber of Commerce Present Member and Committee Co-chair
B.S. Management, Davenport University
Continuing Education Courses:
University of Michigan, Applied Management Institute
Harvard Business School, Executive Training Program
National Association of Homebuilders, Real Estate Marketing and Management