In 1984, at 25 years old, Steve Sadaka founded StevenDouglas, a Search firm based in Miami, serving the entire region. He quit his accounting career to start his own firm, which was exciting but also a very scary time as he did not come from money and had no safety net. Also, the Executive Search business, has lots of peaks and valleys so Steve had to be very conservative and not get ahead of himself in case of a downturn.
Initially, Steve’s growth strategy was predicated on the expansion of the region he was serving. In the 80’s, the primary industry in Miami was Banking so the firm’s initial focus was on the financial services and wealth management sectors due to demand for talent in those areas. As the South Florida economy grew, Steve transitioned the firm to include the Real Estate and Construction sector as another specialty with many company headquarters establishing themselves in the area. Also, with Florida as a tourism hub, the Hospitality sector took off and the cruise line industry was born with all the major players calling Florida home.
Other industries such as Retail and Transportation started to emerge with expansion all over the region. A major airline was based in Miami, so manufacturers & distributors emerged to service this big customer, and the aging population drove demand in the Healthcare sector. Steve continues his strategy of responding to client needs and market demands by expanding services to include high-growth niche specialties, such as CyberSecurity and IT Staffing. Today, StevenDouglas operates across the United States, including a presence in Latin America and Canada.