How to Achieve The Inc 5000 List of Fastest Growing Companies Year After Year
Congratulations to our client, Rajeev Agarwal, for your continued success in achieving the top 1% in fastest growth of all companies, year after year.
Read more about how Rajeev is leading with culture in Inc. below, or by contacting a member of our team to learn how you can achieve breakthrough performance with organizational culture design. firstname.lastname@example.org.
Rajeev Agarwal is an Entrepreneurs' Organization (EO) member in Seattle and founder and CEO of MAQ Software, a data management and analytics software developer that has made the Inc. 5000 list of America's fastest-growing privately owned companies nine out of 11 times since Inc. began publishing the list in 2007―a feat only 1 percent of listed companies has achieved. Rajeev shared his thoughts sparked by analyzing the 11 Inc. 5000 lists and the companies that are named to them:
As a student of business, I am always seeking insights from the Inc. 5000 rankings: Where are the most successful companies located? Which industries are growing the fastest? Which companies provide services similar to ours in other markets?
To find answers, I analyzed the 11 Inc. 5000 lists published since 2007. Only 23,673 companies occupied 55,000 potential spots. Despite all the chaos in the world, some companies were repeatedly named to the Inc. list. I analyzed these companies to understand why some thrive while others disappear.
My takeaways from this longitudinal study of the most productive and successful Inc. 5000 businesses echo the adages pounded into first-year business students:
- Revenue growth takes time. It may take 1,000 days or more to earn a profit.
- Be prepared for economic conditions that are out of your control.
- Despite the economy, business opportunities are always out there.
- Go where the customers are.
- Cash flow is king.
These adages are classic lessons for a reason. If we, as entrepreneurs, forget to constantly remind ourselves of them--especially in the early days--we may set ourselves up for failure.
It's all too easy to succumb to the pressure of our ambitions, investor demands and friends' or families' expectations. It's easy to get caught up in the race to win at any cost. It's easy to forget that a great idea is useless without proper effort and implementation. But the Inc. 5000 list provides thousands of concrete examples of what works in the long term and what does not. Sometimes we need a reminder to be patient and remember the fundamentals.
For additional insights, complete Inc. 5000 analytics are available at https://maqsoftware.com/analysis/inc5000
The full article can be found HERE.
Jessica Higgins, JD MBA BB is a public speaker, strategist and published author. She is Chief Operating Officer of Gapingvoid Culture Design Group. Her mission is to help others. She is based in Miami Beach, FL and travels worldwide for her work in culture design.