Elegant Music Group Ranks on Inc. Magazine’s List of Fastest-Growing Private Companies in the Northeast

February 27, 2024 00:11:08
Elegant Music Group Ranks on Inc. Magazine’s List of Fastest-Growing Private Companies in the Northeast
The EMG Podcast
Elegant Music Group Ranks on Inc. Magazine’s List of Fastest-Growing Private Companies in the Northeast

Feb 27 2024 | 00:11:08

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Show Notes

EMG has earned a prestigious spot on Inc. Magazine’s list of the Northeast Region’s Fastest-Growing Private Companies. Managing Partners, Tom Gambuzza, Mike Carleo, and Michael Saulpaugh discuss.
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Episode Transcript

[00:00:06] Speaker A: This is the EMG podcast. [00:00:13] Speaker B: Uhoh. Three headed. Three headed monster in a room today. [00:00:17] Speaker A: First time we've done this. [00:00:19] Speaker B: First time the three of us have all been in the same place at once in this room, recording. [00:00:24] Speaker C: Is that true? [00:00:25] Speaker A: It is true. You want to know why? Because you guys don't just mean Mike or could mean you. [00:00:29] Speaker C: Because you guys don't. [00:00:30] Speaker B: Because you ignore every calendar. Invite Tom. [00:00:32] Speaker C: No, you don't invite me in person. [00:00:33] Speaker B: Well, listen, we're here. [00:00:35] Speaker C: I like handwritten notes. I like invitations. [00:00:38] Speaker B: I don't want to make you cry. We know how easily you do that. [00:00:41] Speaker A: Well, I could come to your office next time. I'll do better. See? [00:00:44] Speaker B: He puts it on himself. I like that we're here. Put it out day, the three of us, for a very good reason, and that is to discuss EMG's inclusion on the Inc regional's northeast list of fastest growing private companies. We are incredibly proud of this accomplishment that our team really helped put together, and we wanted to pull the curtain back and talk a little bit about the honor. [00:01:12] Speaker A: Yeah. When you applied for this for us, sometimes when you're constantly doing the job, you don't necessarily think of getting any accolades because you're doing it not for the accolades, but it is nice to be recognized with some of the most prestigious companies that we use personally as consumers that are on the same list. [00:01:33] Speaker B: So this is the precursor to the Ink 5000 list, which is like national. National, fastest growing companies in the country. You got to make the regionals first, and then you move on. So in the tournament, we're moving closer and closer. It is championship almost march. Exactly. Still in the bracket in the northeast, which I think is pretty much everything from, like, Pennsylvania and Delaware kind of up to Maine. We are one of the fastest growing companies in the northeast. [00:02:03] Speaker A: Number 43 out of 199. [00:02:05] Speaker B: 199 or 200? [00:02:06] Speaker A: Yeah, 199. [00:02:09] Speaker B: You do apply for this, right? You do apply. [00:02:11] Speaker A: Well, they don't know unless you give the information. [00:02:14] Speaker B: Correct. We have to give the information. They have to verify all the information. I think I want to just pause real quick and say that the reason why we're calling this out and why we applied for it is, to your point, when you're in the grind of it every day and there's the photo booth attendant unjamming a printer, or there's an operations person in our warehouse loading a truck after a very long night in the snow. In the snow. This is for our team. This is for the 300 plus people that make this engine go to realize that the hard work does pay off. With growth. And they are now working at one of the fastest growing companies in the northeast, maybe in the country. We'll find out later this year. [00:02:53] Speaker C: We will find out. [00:02:54] Speaker A: Yeah. [00:02:54] Speaker C: I mean, last year we did almost. I'll get the marketing right there, Mike. Almost 1500 events, right? [00:02:59] Speaker B: Correct. Very good. [00:03:01] Speaker C: And yeah, to your point, obviously, we do it every day to make our clients happy. That's why we get to do what we do. But I think it's pretty interesting that number one, first of all, you had the idea to even apply to this. I didn't know that this was like, I've obviously heard of ink. It's a major publication, right? [00:03:17] Speaker A: Yeah. [00:03:17] Speaker C: It's been around for over 40 years. But just to be recognized by something outside of the industry. [00:03:23] Speaker A: Right. [00:03:24] Speaker C: Because we always talk about like, head down. Yeah. In the business too. But we talk to industry colleagues most often. Like, we talk to our peers that are also doing the same thing as us. [00:03:33] Speaker A: Right. [00:03:34] Speaker C: Just to be recognized. To your point, the hard work of all of our people, but outside of the, just like general business has been, I think, really cool. [00:03:42] Speaker A: I was just happy being in the press release with my name. [00:03:47] Speaker C: Did they spell it right? [00:03:49] Speaker B: Yeah, I spelled it. [00:03:50] Speaker A: He spelled it. [00:03:50] Speaker B: I spelled it right. Shocker, Carlio. [00:03:53] Speaker A: Anyway, that's how my dad always. [00:03:55] Speaker B: The companies on this list. Listen to this show. A remarkable rate of growth across all industries in the northeast region. [00:04:02] Speaker A: Try it again. [00:04:03] Speaker B: East. [00:04:03] Speaker A: Try it again. It's from the beginning. [00:04:05] Speaker B: We'll fix it in post. A remarkable rate of growth across all industries in the northeast region. Between 2000 and 22,022, these 199 private companies had an average growth rate of 155.84%. Now, EMG was above that average at 439%, which is like, hard for me to wrap my head around. [00:04:26] Speaker A: I don't even know what that means. [00:04:27] Speaker B: That we actually did that. And listen, we helped to add, of all of the companies on this list, right. 14,560 jobs, which is incredible. [00:04:38] Speaker A: I know the number. Is it $15.7 billion? To the economy? [00:04:42] Speaker B: To the region's economy. [00:04:43] Speaker C: To the region's economy. [00:04:44] Speaker B: 15.7 billion to the region's economy. That's amazing. [00:04:47] Speaker A: Now if only that could be reflected in our tax returns. That'd be amazing. [00:04:50] Speaker B: Yeah, that would be great. [00:04:51] Speaker A: You hearing us, Uncle Sam? [00:04:53] Speaker B: So what is next and what does it all mean? [00:04:58] Speaker A: Well, nothing. [00:04:59] Speaker B: It means nothing. [00:05:00] Speaker C: None of it matters. [00:05:01] Speaker B: None of it matters. It's a nice graphic. No, this is something that we want our company, meaning our team, to be very proud of. This is a lot of hours that go into something. It's always funny when I meet people. It happened over the weekend. My brother got married, so I met a lot of his colleagues and people that I don't talk with every day. And I think that there is the belief that when somebody says, what do you do? And I say, oh, I own a wedding entertainment company. There's kind of that, like, you go through it, too. There's kind of like, that eye roll. [00:05:32] Speaker C: Yeah, but what do you do for a living? Full time? [00:05:36] Speaker B: Yeah, what do you do full time? [00:05:37] Speaker C: What do you do during the week? [00:05:38] Speaker A: I talk to a lot of people. We do a lot of talking. I do a lot of playing of the guitar. [00:05:44] Speaker B: Now you know what we get to say, Mike? We own one of the fastest growing companies in the northeast. [00:05:48] Speaker C: In the northeast. [00:05:49] Speaker A: I'll tell you why we're doing this. Like, personally, I think one of the things that we did last year, we wanted to make it. Our initial goal was to make a place for people who want to work here, but that was within our networks. Right. For the musicians, mostly my network with our friend Gabe and then to Isaac and then to Tristan and then to Caleb and all these networks now that are the nucleus that is getting bigger. I want other people's musicians to know that this is one of the fastest growing companies, and this is a place for people who want to be here. Right? Who? Musicians that want to play for us. So we can attract the best musicians that we currently do now, but we want to attract even more. [00:06:28] Speaker B: It all feeds each other. [00:06:29] Speaker A: Staff members, clients should know about this. They should be proud that they were an EMG couple. Right? People should know about us. It's enough of keeping our head down, doing the work, and not saying anything. I think it's time for people to start recognizing EMG. That's the one thing that I really want to do internally with the people that work here, because they should be proud where they work, right? I'm proud of it. I know you guys are. [00:06:52] Speaker B: Well, what I was saying is, both sides of that equation feed each other, right? So the more people that know, the better the quality of the talent is attracted and that we get, the better the product that we put out for our clients, the better the parties are, the better. So it feeds both sides. So I think that everyone that has been part of this growth, whether it be internal team members or clients that have chosen us and actually fueled it, we all did this together. [00:07:16] Speaker A: Well, we couldn't have grown without doing the 1484 events last year. [00:07:23] Speaker C: If it all boils down to me, for one thing, it's intention. Right. We are intentional about all that stuff. It's not by chance that we make our clients happy. It's because we care. Right. It's not by chance that if you ask anybody in the office or musicians or performers or staff members that it's one of the best jobs that they've ever had. I mean, I'm really proud of that. I know you guys are too, right? I mean, that is something I think that. [00:07:46] Speaker B: Speak. [00:07:47] Speaker C: This is just the tip of the iceberg. There's a lot that goes under the hood in terms of, like, care and intention that just allows us to even get to a place like this. [00:07:55] Speaker A: Yeah. I don't like giving myself flowers very much. Or the three of us. I do really like to. I'll just keep talking. So when we were back in 2020, because this is where it started. Right. We did a lot of internal. I'm trying to keep a straight face. [00:08:12] Speaker B: I can't do it. Sorry. We did a lot of internal. [00:08:15] Speaker A: When that vein. When he starts laughing and this vein starts going right now, that's how, you know, you got. [00:08:19] Speaker B: I won't interrupt you. [00:08:20] Speaker A: Is that a vein or artery? [00:08:22] Speaker B: I don't know, but we got to get this guy to a hospital. [00:08:26] Speaker A: There was another one coming out in 2020. We were not a lot of jobs, right. Not a lot of weddings. Lot of time on our hands. We were indoors. There were a lot of things to do. So what did we do? We internally looked at the entire infrastructure of EMG, right? Started with sales, our marketing, and then it trickled down to logistics, the training program, like all these things that we were doing. And that is what built the current logistics and all of the things that we're doing in this studio right here to this point. And I still don't feel like we've gotten where we are headed towards. But I attribute to. I don't want to say it was a good thing Covid happened because it obviously wasn't. Many people have lost their lives and things like that. But when it comes to the circumstances. [00:09:15] Speaker B: It gave us nothing but 24 hours a day to think about this business. [00:09:18] Speaker A: This business. Right. And to stay safe and keep our heads above water of happy hour starting at 02:00. Every day is not sustainable. Right. [00:09:29] Speaker B: Although you tried your hardest. [00:09:30] Speaker A: I did. Well, me and my wife did. Yeah. It was rough. Long walks out. [00:09:34] Speaker C: Mike didn't wear any pants. [00:09:35] Speaker B: It was the brewer's shirt. [00:09:38] Speaker A: The brewer shirt is famous. But I think that internal reboot led to those years of growth. And if it wasn't for us being captive in our own houses. I don't necessarily know if we would be sitting here today with the same thing. [00:09:56] Speaker B: And now I could take myself dancing. So listen, so here's what's next. What's next is later. [00:10:04] Speaker A: March Madness. [00:10:04] Speaker B: March Madness. [00:10:05] Speaker A: Yeah. [00:10:05] Speaker B: Later this year. [00:10:06] Speaker C: That's like Christmas for me. [00:10:07] Speaker B: You'll have to stay tuned to see if EMG makes the ink 5000 list. And that's kind of the granddaddy of them all. [00:10:13] Speaker A: I can't wait. [00:10:14] Speaker B: Fastest growing companies in America. I think we're going to do it, and I think we're going to place in the top 20%. [00:10:20] Speaker A: Wow. [00:10:21] Speaker B: That's my estimation. [00:10:22] Speaker C: And if we do, what the people out there get is a new graphic. [00:10:26] Speaker B: They get a new graphic. So there's always that. [00:10:28] Speaker A: A new video, right? New podcast. We could do it again. [00:10:31] Speaker C: We can. [00:10:32] Speaker A: And maybe you'll be in the room this time. [00:10:34] Speaker C: Maybe I'll sit on that side. [00:10:35] Speaker A: Are you AI Tom or real Tom? [00:10:37] Speaker B: Tune in next time to find out. Everyone, thank you. Our employees, our staff, our clients, our families, our wives, everyone that supports our dream, we say thank you. [00:10:49] Speaker A: Stay tuned. Peace out. [00:10:52] Speaker B: You can find [email protected] or on Instagram. [00:10:57] Speaker A: At elegant music group.

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