Marc Sparks History – Chapter 3

In 2000, Marc Sparks ran a tombstone ad in the Dallas Morning News, looking for a business model that “needed” an entrepreneur with his talent, experience, vision and tenacity. Out of the hundreds of opportunities that flooded his office, God shone the light for Marc on one in particular – a unique software start-up operation. While Sparks didn’t know how to even turn a computer on, much less know about software code, he forged ahead anyway as he clearly saw a perfect match.

Previously, Sparks was forced to leave a company he had devoted nearly 100% of his time to – and while his former ‘advisors’ and colleagues pointed fingers at him and the SEC investigated, he courageously sat front and center in a large first-floor office window, daring to start over. Daring to prove himself… once again.

Sparks took on a brash, young partner who had developed a remarkable software program but had no idea how to get it out of his garage, much less get it packaged, to market, manage customer service and technical support, and ultimately expand it into six additional software programs with substantial recurring revenue. In just four and a half short years, Marc A Sparks took GlobalTec Solutions from a small start up to a an extremely successful software company. As of June 15th, 2004, GlobalTec had a staff of just over 130 people. And it had become a leader in the “Business to Consumer” financial software marketplace.

An enormous focus of GlobalTec Solutions’ staff, and in-grained in its company culture, is to provide exceptional, focused customer service. Under Sparks’ leadership, GlobalTec initiated an annual convention for its software users. Attendance tripled since the inaugural “WizeFEST” in 2002 and now accommodates 3,000 GlobalTec customers at each annual convention. To attend a WizeFEST convention is akin to attending a Republican or Democratic Party convention. The frenzy and excitement is clearly generated by Sparks’ marketing fire, and his contagious enthusiasm.

While Sparks could write a book on what to do and – equally as important – what NOT to do, at times he says he wouldn’t wish his life on the Devil himself. Yet, at other times, he says he’s had a remarkable life and wouldn’t trade his experiences for the entire universe. “There is no other way to learn the remarkable lessons I’ve learned without being in the game.”

Throughout his career, Sparks has been in the wholesale furniture business, retail furniture business, commercial mortgage banking, restaurant, manufacturing, real estate, surety bonding, property and casualty insurance, software, and his latest business passion… LIVE, business television and now streaming of video and data.

Stay tuned for the next chapter in the Marc Sparks’ history where the next venture of Splash Media will pioneer a path for IPTV and ‘video based e-learning’ into the corporate world of global communication and training.

Marc A Sparks is a leading Dallas Texas start up entrepreneur and venture capitalist. Submit an application for seed funding to Marc A Sparks – the Dallas entrepreneur only at whoismarcsparks.com.

http://directory.leadmaverick.com/Marc-A-Sparks/DallasFort-WorthArlington/TX/10/4820/index.aspx

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Marc Sparks History – Chapter 2

In 1989 Marc Sparks started yet another highly successful endeavor in the construction surety bonding industry which ultimately morphed into the property and casualty insurance industry. Sparks acquired his local recording agent’s insurance license, a surplus lines license and a managing general agent’s license. Over the next ten years, Sparks focused on the goal of fully integrating the insurance industry. This vision meant not only selling an insurance policy to a consumer but included servicing the policy, fully managing the claim, financing the premiums, and even taking a portion of the risk. To finally fulfill the vision, in 1996, Sparks and a minority partner purchased a distressed property & casualty insurance company in an arrangement with the Texas Department of Insurance and thereafter received “Form A” approval – which is the state’s blessing to own and operate a full-fledged insurance company.

This was a proud milestone for Marc Sparks, and was also the beginning of one of the biggest and most emotional phases of his life. Since starting with a staff of 10 in 1989, Sparks grew the company to a successful insurance holding corporation over the next 10 years. With a focus on business development and quality customer service, by 1999, the company was generating over $160 million in annual premium, with a staff of over 500, 171 retail agency offices in three states, two premium finance companies, several general agencies (wholesale), and an M.G.A. all backed by eleven A and A+ (AM Best) rated reinsurers. The company became public in 1998 and was listed on the American Stock Exchange. There appeared to be no limits to its growth, and it was Marc Sparks’ entrepreneurial dream come true…success, tremendous growth opportunity, happy staff and good health.

At the very peak of its success, the walls started crashing down. The company’s stock started falling fast, and before Sparks and his management team could find a reason for the drop, the Stock Exchange halted trading and the rumors started to fly. Soon thereafter, the coveted A+ rated list of reinsurers stopped backing the insurance policies that were being sold, and Sparks lost the company that had been his passion for 10 years, as well as his business relationships, his stellar reputation, many friends and a wonderful staff.

Over the following years, the lawsuits and the Securities and Exchange Commission investigation were amicably resolved. It was an emotionally painful, financially expensive and very personal experience for Sparks. Ultimately, the experience awards a kind of “badge of honor” for an entrepreneur. Sparks allowed himself less than a month to grieve, and wasted no time in looking for his next venture. Sparks knew one thing for sure; he’d built many successful businesses before and would do it again. He knew that his God-given entrepreneurial talent could never be taken away from him.

About Marc Sparks

Marc A Sparks is a leading Dallas Texas start up entrepreneur and venture capitalist. Submit an application for seed funding to Marc Sparks – the Dallas entrepreneur only at www.whoismarcsparks.com.

Marc Sparks – Dallas Entrepreneur

Born June 8th, 1957 in Rockwall, Texas, Marc Sparks was the youngest of five children. After spending much of his youth growing up in Austin, Texas, Marc graduated from Westlake High School and immediately moved back to the Dallas area to begin his career in the wholesale furniture business with his father.

Being the youngest with four other siblings, college was never an option for Marc Sparks. In fact, from his earliest memories, it was always understood that Marc would follow in the footsteps of his father. Right out of high school Sparks immersed himself in the business and began learning every detail and angle of the wholesale furniture business from the ground up. He started by sweeping floors and driving a delivery truck for Freed Furniture Company and went on to work for several other retail furniture stores in the Dallas area. Throughout his experience in the furniture industry, Sparks always had a pressing desire and passion to learn more, to expand his horizons. Early on, his goal was to own his own furniture store. It didn’t take long for Sparks’ father to realize he could no longer hold back his son’s entrepreneurial passion. Therefore, it was amicably agreed between father and son to “set Marc free” to pursue his own entrepreneurial dreams and ambitions.

In the following years Sparks would launch several moderately successful business endeavors, and would soon begin the foundation of what would become a philanthropic legacy. However, like most passionate entrepreneurs, Marc Sparks would soon taste great success, as well as experience terrible failure, and begin to learn some of life’s most important lessons about perseverance, survival, and the challenges of being a true entrepreneur.

About Marc Sparks

Marc A Sparks is a leading Dallas Texas start up entrepreneur and venture capitalist. Submit an application for seed funding to Marc Sparks – the Dallas entrepreneur only at www.whoismarcsparks.com.