UNIVERSITY PARK, Pa. — Scott Appel started his Harrisburg-based flooring company just like many famous Silicon Valley entrepreneurs: out of a garage. Nearly 20 years later, Touch of Color Flooring employs more than 160 people at 10 locations that serve seven states across the Northeast. It’s growth that Appel and his high school friend and business partner Bill Haman are proud of, but it doesn’t mean they’ll ever stop pushing to be better.
Penn State's Executive MBA (EMBA) program through the Smeal College of Business turned out to be the right fit to advance Appel's business.
“As a former educator and a lifelong learner myself, I'm a firm believer in training and development,” said Appel. “We say that we want to strive to be trusted advisers. We want people to come to us because they know that we’re going to shoot them straight and give them sound advice. But to do that, we have to be experts.”
Appel said that when his company hit $10 million in annual sales revenue, he realized he had a very real company on his hands. He recalls a conversation he had with Jerry Bankes, then Touch of Flooring’s vice president of finance and accounting.
“We were talking about financial statements and I said, ‘Why does this have to balance?’ He gave me a look like I had two heads. I’d never had a course in accounting or finance. I realized at that point, if I'm going to have someone working for me who knows more about this than I do, I at least have to be able to talk intelligently about this. I needed to be a better leader.”