Mobley addresses MBA students
by: University Relations
Frank Mobley, founder and CEO of Immedion, a data center and cloud services company, walked Charleston Southern MBA students step-by-step through his business plan on Wednesday evening in President Jairy Hunter’s MBA capstone class.
Mobley credits much of his success to having a huge entrepreneurial bent. He encouraged students to be honest as they developed an initial business plan. “Sales will be lower than projected; expenses will be higher; you will need more money and time than you think,” said Mobley.
His greatest frustration in starting and expanding his business has been finding good people. “Really good people are difficult to find; they are already employed, and they tend to be very loyal to their company,” he said. He relies on word of mouth to find good employees.
He explains the purpose of his business as keeping critical computer systems up and secure 100 percent of the time.
The CSU MBA students, many of them employed in the financial sector, peppered Mobley with questions about moving data securely, storing data temporarily, and how he turned his experience in the data center field into building a successful start-up company. Immedion has been named to the 25 fastest growing businesses in South Carolina list and SC Biz News’s Roaring 20s Fastest Growing Companies list for 2012.
He encouraged students to do the hard work required to succeed. “You need to know the optimistic, pessimistic and realistic projections,” said Mobley. “Be willing to flesh out the details with investors from the beginning. You’ve got to be willing to go to the mat.”
Immedion is based in Greenville, S.C., with data center facilities in Greenville, Columbia, Charleston and Asheville. Prior to forming Immedion, Mobley served as vice president of operations for Peak 10, a data center services provider operating 10 locations from Florida to Ohio.