Bill Bartmann demonstrates, yet again, why he is one of Americaâ€™s greatest entrepreneurs.
Online PR News – 22-August-2010 – – Bill Bartmann Enterprises has made it onto the prestigious INC 500 list of America's fastest-growing private companies. This company publishes motivational books, CDs, and videos for entrepreneurs as well as holding conferences and seminars.
To clinch the 234th spot in the exclusive annual ranking, Bill Bartmann enterprises achieved a three-year growth of 1,309.1% and the company's revenue for 2009 was $5.7 million.
Bill Bartmann, CEO, said,
"We are honored and humbled to be included in this exclusive group of cutting edge companies. It is even more humbling to realize that this is the 5th time one of our companies has achieved this designation."
Bill Bartmann became a billionaire and the 25th richest person in America through a debt collection company he founded called Commercial Financial Services (CFS). He started this company when he became bankrupt after his oil pipe company collapsed when Saudi Arabia flooded the market with oil and prices came crashing down. However, not only was he bankrupt he was also $1 million in debt.
He turned this around with CFS. He persuaded the bank he owed a million dollars to lend him a further $13,000 to buy a small box of bad loans. Then making calls from his kitchen table he proceeded to collect $63,000 on these bad loans. He saw the potential of the debt collection business and, as they say, rinsed and repeated.
Naturally, he refined his methods as he went along and he also refined the debt collection industry making it a gentler and more respectful business.
"Bill Bartmann survived failure, remade one of the country's ugliest industries, and became a billionaire."
But disaster struck once more when his business partner committed fraud. CFS collapsed and Bill Bartmann found himself bankrupt again. To exacerbate matters the federal government also indicted him on 57 felony counts - something that even Bill Bartmann, a master at overcoming adversity, admits was a "world-class problem". If he was found guilty, the sentence was 600 years in prison.
However, he proved his innocence and the government apologised for prosecuting him - something which is rarely done.
Since then Bill Bartmann has been on the comeback trail. The highs and lows that Bill Bartmann has experienced are unique. He wasn't born into wealth. He comes from a family of eight children. His father was a janitor and his mother cleaned houses for a living. To put it mildly they were poor.
At age 14 he dropped out of high-school to join a travelling carnival. He left that to join a street gang - the Manor Boys. While homeless he slept under bridge viaducts and spent a summer living in a hayloft until the farmer discovered him and burnt his few possessions.
By age 17 he was an alcoholic and almost became a paraplegic after falling down a flight of stairs in a drunken stupor. He refused to accept the diagnosis that he would never walk again and did in fact walk out of the hospital on his own two feet.
He later got a job on the "kill-floor" of a pig slaughter house. Here he demonstrated his leadership and negotiating skills by organizing a wildcat strike to demand benefits for the part-time workers.
During this time he met the headteacher who had booted him out of school. This time the headteacher convinced him not to turn his back on education. He went back to school, got his GED, graduated from college with a Bachelor's degree and eventually got his law degree. And it was at this point his roller coaster business career began.
"My long and interesting business career has given me a unique perspective: I'm aware of no other slaughterhouse worker or street-gang member ever to have become a billionaire. I'm also something of an authority on surviving bankruptcy and other forms of failure.
"I therefore channelled that knowledge and my energies into helping other entrepreneurs to overcome whatever barriers they're up against. I created Bill Bartmann Enterprises, through which I've offered courses, materials, and live events on entrepreneurship and achieving goals."
To find out more about his training courses for business owners and entrepreneurs visit:
And for a free video on Bill Bartmann's latest business venture regarding buying bad loans visit: