COB student's company among the 'top 100 companies started by young entrepreneurs'

October 10, 2012

Ali Saad reached into his pocket and quickly looked at his phone. 鈥淪orry,鈥 he said. 鈥淚 have to take this.鈥

Ali Saad, center, poses with Sarah Green, co-founder of Empact, and Jeff Hoffman, co-founder of Priceline.com Ali Saad, center, poses with Sarah Green, co-founder of Empact, and Jeff Hoffman, co-founder of Priceline.com

 

It鈥檚 the common plight of a small business owner: always another call to take, always another task to manage. It鈥檚 a plight Saad has taken on since he was 18 years old.

That鈥檚 when he started General Fuels Company, an international oil, gas and construction equipment dealer.

Now, just four years later, the company has been named to the Empact100 list, which recognizes the top 100 companies started by young entrepreneurs. Saad accepted the award in Washington, D.C., last month at a ceremony held at the White House.

鈥淚t was with great honor that I accepted the award on behalf of our company, our friends and family, our community and the state of Michigan,鈥 he said. 鈥淚t was an excellent experience where I was able to show some of the largest CEO鈥檚, executives, entrepreneurs and officials where I came from and what we, as a community, are capable of achieving.鈥

The Empact100 list is comprised of the top 100 companies in the Empact Showcase, a compilation of the United States鈥 leading entrepreneurs age 30 and younger whose annual revenues are more than $100,000.

Members of the 2012 Empact Academy鈥攊ncluding the founders of Living Social, Chuck E. Cheese, Priceline.com, Redbox and Open Table鈥 finalized the list based on revenue, number of employees, social impact, growth and innovativeness.

Returning to Dearborn after two days of awards festivities, Saad got back to his routine of being a full-time accounting student and full-time general manager, balancing his studies with balancing the books.

鈥淚t is hard work,鈥 he said, noting that he often swings by the office after a long day of classes. 鈥淚t takes time and patience and a lot of planning.鈥

It鈥檚 been that way since the beginning, as Saad worked to carve out a niche for General Fuels Company.

An early restructuring and merger led the company to focus on oil and gas equipment. That division now concentrates on commercial and residential propane gas projects in United Arab Emirates, Saudi Arabia and Qatar. The company recently added a construction equipment division, which is one of the leading exporters from North America to the Middle East.

鈥淟earning from the market has been key to our success,鈥 he said. 鈥淓very idea has a shortcoming. But most people don鈥檛 know what that is until they鈥檝e jumped into the market.鈥

Learning in the classroom has aided Saad as well. Often he鈥檒l find lectures to be directly applicable to his work. Class discussions turn into consulting sessions.

鈥淚 hope it鈥檚 helpful to other students鈥攂ut I try not to take up too much time,鈥 he said.

It鈥檚 all part of the balancing act as he works to finalize his degree while strategizing how to partner with more small businesses both overseas and in the Dearborn area.

When asked how he manages to run his company while a full-time student, his reply is short and matter-of-fact: 鈥淚 sleep four hours a night.鈥

Then, as if on cue, he reaches into his pocket. Yes, it鈥檚 another call to take.