Most small business owners have a hard time imagining doing more than one business at a time. Not Steve Peirick. This is a guy whose entrepreneurial spirit works like a snowball rolling downhill—starting off small, quickly growing as it gains momentum, and becoming a force to reckon with in due time.
As owner of Power Logic Electrical and Telluride Window Coverings, Peirick has become a fixture in the Western Slope business community over the last decade. And he is working to increase his investment into the Western Slope with some help from Region 10’s Business Loan Fund.
Peirick first crossed paths with Region 10 back in 2013. He reached out to the organization’s small business development wing when he was looking to grow Power Logic Electrical, his electrical contracting business that served primarily Telluride.
“I first worked with Vince Fandel, who helped me with cash flow for Power Logic Electric,” Peirick comments. “I got to know Region 10 well, and enjoyed working with them because they were focused on creating jobs and supporting small business.”
Shortly after ramping up operations at Power Logic Electrical, the wheels in Peirick’s mind started turning. While installing and wiring custom, motorized window coverings, he noticed a niche market that was ripe for the picking.
As he built relationships with interior designers for high-end homes, Peirick found that he could better serve the Telluride marketplace by supplying the vendors himself. So he launched Telluride Window Coverings, which grew and became the premier retail provider and installer of all window treatments (blinds, shutters, drapery, etc.) in the area.
Several years after the launch, Peirick decided it was time for a change in scenery.
Being so remote, Telluride was difficult to supply. Most shipments were coming from out-of-state, which created gaps in delivery time. On top of that, Peirick was experiencing some quality control issues. Not only were products taking forever to arrive, but they were also incorrect.
“So I decided to try it myself,” he laughs.
Yes, that’s right—ANOTHER business venture.
Peirick relocated to Montrose, moving into the old Jeans Westerner building after it was subdivided. The new building gave him the space to create another offshoot of Telluride Window Coverings, which focused on manufacturing window treatments and interior products. Rather than shipping his products in, he hired a seamstress to build his own unique, custom products.
Region 10 again helped Peirick secure the loan that helped him with the real estate and cover some capital costs.
Since Peirick’s business presented the opportunity for job development, Region 10 jumped at the opportunity to support him again. Shortly after the partnership, Peirick was able to hire another four people: one full-time and three part-time. His goal is to keep growing and potentially hire more down the line.
Peirick considers Region 10 to be a vital component of his success.
“Every experience that I’ve had with Region 10 has been beneficial and pleasant,” he adds. “They are in for your best interests and you can definitely feel that when you work with them. They want your business to succeed.”