In picking Min Cho as one of its top female business leaders for last year, the Washington Business Journal noted that she has exploited two valuable assets to re-engineer an IT security company: her knowledge and her connections.
Before joining Nova Datacom in 2007, Cho racked up 15 years in banking, where she mastered the process of both large and small government lending. Under her short watch, this minority woman-owned firm in the Virginia suburbs of Washington, D.C., has been able to secure lines of credit not available to other small businesses—testament to both her networking and banking skills.
Result: From $4 million in sales in October 2007, the company rocketed to $21 million in two years.
A native of Korea, Cho also exploited her language and cultural ties by opening a regional office in Seoul.
Cho has increased the company’s visibility in several ways. Last fall, her company co-sponsored a webinar on keeping governments up and running in the event of an emergency.
Cho also has won several awards for her entrepreneurial spirit and emphasis on being a good corporate citizen.
“We owe our community,” she says. “It’s our responsibility to keep a clean environment and give back.”
— Adapted from “Women Who Mean Business: Min Cho, CEO and President, Nova Datacom, Washington Business Journal.