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It has become almost axiomatic: For
a small business to succeed, it should find a niche and hold on
tight.
But R. Wayne Gilpin, owner of Future
Horizons, has turned that principle on its head. Gilpin's publishing
company had specialized in automotive and law books, a high margin
field in which Gilpin found it possible to achieve large financial
returns.
"I'll be frank," he says. "The
margins in automotive books are almost criminal. To print a book for
$5 and to sell it for $79 is not out of the question."
But in the early 1990's, Gilpin
began to toy with a new project, a book about life with his son
Alex, who is autistic. Eventually he decided to broaden the project
to include stories from others who were challenged with autism. The
result was the 1993 publication of "Laughing
and Loving with Autism".
"I thought we would sell 500 copies,
it would take a year, and we would lose money," Gilpin recalls. "We
sold 500 copies in 4 days. I realized we had something people
wanted."
Soon, other authors came to Gilpin
seeking publication of their books on autism. Today, Gilpin says,
Future Horizons is the largest publisher of books on autism in the
world.
"Our margins are nowhere near what
they were with automotive books," he says. "But the company is
growing dramatically, and more and more people are hearing about
us."
Gilpin says revenues are growing at
an 80 percent to 100 percent annual rate, "and we are poised to do
that again in '99." He pauses, and then adds, "The autism publishing
world is a fairly small puddle, but we are a large rock in that
puddle."
David Edmons, director of the
Tarrant County Junior College Small Business Development Center,
says Gilpin's experience is unusual.
"Most people are happy to find a
niche in which they're profitable," he says. "Usually they'll try to
expand in that area. But in his case, it sounds like his passion for
what he's doing helps carry the business."
Gilpin concurs.
"I am truly blessed in that my
vocation and passion are in exactly the same area," he says.
"Before, I would go to an automotive
conference and I just could not get excited about a Bosch fuel
injection system. But now when someone comes up to me and says a
book we've published has touched them in a special way, that's far
greater payment to me than the paycheck I get every two weeks."
Autism is a developmental disorder
that prevents people from understanding the world and interacting
with others in what is considered the "normal" way. Those with
autism tend to interpret words literally.
Gilpin offers a story involving his
son, who at one time had the habit of removing his clothes as soon
as he got in the house. One day Gilpin came in and tripped over one
of his son's shoes. He said he "lost it" because he had been
haranguing his son to not leave clothes strewn around the house.
Gilpin followed a trail of clothes
and found his son nude, listening to rock 'n' roll music in his
room. He yelled "I'm not going to tell you again about picking up
your clothes!" His son looked at him, nodded, and said, "Good."
Gilpin says such stories not only
help illustrate the challenges of autism, but also bring warmth and
humor to those caring for children with autism, something he
believes is essential.
"I avoid books with the word 'cure'
in the title, because I think they offer false hope," he says. "But
I also avoid negative stuff, because all these kids can be better.
The worst thing is for people to give up on them."
Trade Secrets
After abandoning one niche for
another, Future Horizons owner R. Wayne Gilpin says he has no plans
to branch out from autism-related publications.
He says he is often approached by
people asking if he would be interested in expanding into, for
example, publications on Down Syndrome.
"I'm comfortable where we are,"
Gilpin says. "This is a market I understand, and I think it's much
smarter to stay focused."
Expansion, should it come, will be
primarily in the field of autism - and into other countries he says.
Future Horizons, which puts on 14
conferences a year and exhibits at 20 others to market its books,
has a staff of seven.
"We are sometimes overworked,"
Gilpin says, adding that he may increase the staff to about 10.
Gilpin says he believes his company
is performing an important service and that he feels an obligation
to readers and those with autism.
"Obviously we have to make a profit
so we can continue to do the things we want to do," he says.
"There's no gains for kids with autism if Future Horizons goes
under." |