List Of Small Businesses In Denver – We analyzed the important trends of fast-growing companies at Inc. 5000 to help you start your business and join their ranks. Learn more.
Accrued annually to Inc. The 5,000 list of America’s fastest-growing private companies, America’s companies are characterized by business excellence. Whether they employ a single worker or thousands, these organizations are great examples of “entrepreneurs”—those who are still standing by, unconvinced that they can write America’s next big business success.
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These 5,000 companies may not be in many of the same industries, but they have one thing in common: success. We looked at the data to understand important trends at these fast-growing companies, especially those with fewer than 500 employees. What are they doing differently to see this increase? In which industries are they growing? Where is? Are certain industries more popular in different regions? Here’s everything you need to know about these relatively small businesses to potentially grow your business or organization and join their ranks.
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Businesses can be successful at any size, whether business owners employ close friends or family, a few hundred acquaintances, or an army of thousands of people working toward a common goal. To take a closer look at different company sizes, we first looked at those with 19 or fewer employees, 20 to 199 employees, 200 to 499 employees, or 500 or more employees. We found that 65 percent of the companies on the list had between 20 and 199 employees, and the average team size was just under 70 employees.
The highest average score, just under 2200, was occupied by companies classified as very small. One example is FedBiz IT Solutions, a government services company that ranked 10th overall with three-year growth of more than 12,000 percent and nearly $26 million in annual revenue.
While smaller companies saw the highest average three-year percentage increase (over 500 percent), companies with 200-499 employees fared no worse when it came to spending, with an average increase of more than 450 percent over the same time period. This may be due to the success of the #1 company on Inc. 5000, Loot Crate, whose earnings soared to $116 million. Their three-year growth of over 66,000 percent speaks volumes for their ability to generate over 600,000 paid subscribers to their monthly giveaways.
There are leading industries for companies of all sizes. More than any other industry, companies with 19 or fewer employees participated in the business products and services industry. This differs from companies with 20 to 199 employees, where they focus primarily on IT services. Organizations with 200 to 499 employees specialize primarily in the medical industry.
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Two industries that have greatly attracted entrepreneurs and business owners of all sizes are business products and services and IT services. These were the three most popular industries for each company size. Advertising and marketing were also in the top two companies with 199 or fewer employees.
More than 30 percent of small businesses in Inc. 5,000 appear for the first time this year, while over 70 percent of small businesses have been around for a year, two or three years together. Sustaining annual growth at such a rapid pace is proving challenging. Just over one percent of small businesses on the list have been represented for 10 years or more.
Small businesses listed 5,000 10 years or more – compared to all small businesses on the list – look a little different. They average over 100 employees and earn over $80 million more in annual revenue.
But where they fall short is a three-year growth rate. While the average small company listed on Inc. 5,000 saw a 450 percent increase, small businesses that have been listed for 10 or more years saw less than 80 percent growth over the same period.
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High growth over a three-year period does not mean small businesses have the highest combined annual revenue. In fact, while the average three-year growth of a company founded in 2012 in Inc. The 5000 list saw growth of more than 3,000 percent, with an average annual income of just over $13.5 million. This was the highest average growth but the third lowest average annual revenue based on common founding dates. Of course, there are always exceptions, like the #3 company, CalCom Solar, which has seen three-year growth of more than 31,000 percent since its inception in 2012 and annual revenue of $33.5 million in 2015.
It also doesn’t rule out the older companies seeing significant three-year growth with modest earnings compared to some of the companies on the list. CATMEDIA, ranked 98, was launched in 1997 and recorded three-year growth of more than 3,300 percent and more than $17 million in annual revenue in 2015. It far outpaced the average three-year growth of companies founded in 1997 of just 160 percent , but it underperformed compared to its average annual revenue in 2015, which was over $33 million.
The energy industry has had strong three-year growth as companies in the region are listed on the Inc. 5,000 saw an increase of more than 1,000 percent from 2012 to 2015. Six of the top 100 companies are active in this sector – CalCom Solar, Legend Solar, Greenspire, LA Solar Group, Discount Power and Lead Genesis – of which five are involved in green energy solutions such as solar energy. While these companies achieve the highest percentage growth, their average combined annual revenue ranked ninth, just under $28 million in 2015.
Food companies ranked 3rd in three-year growth, at over 760 percent, and 7th in average annual revenue in 2015, which was over $28 million. Seven of the top 100 companies are active in this space. Ranked 13th overall, Suja Juice ranks #1 with three-year growth of over 10,000 percent and annual revenue well above the industry average of nearly $66 million. Their revenue helped propel some of the lower earners, such as Remarkable Liquids and Chef’s Cut Real Jerky, into the top 100, but with annual revenue in 2015 of just under $7.5 million each.
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Small businesses listed on the 5000 had an average of more than 80 employees and average annual revenue of $24 million in 2015. They also averaged nearly 15 years in business and three years on the list. This contrasts with the top 50, which ran smaller companies with an average of about 10 fewer employees. But this did not affect their earnings, as in 2015 they averaged over $50 million. These are newer companies, with an average of six years of experience and only one appearance on the list.
There were several common industries in these groups. In the top 50, 100 and 500, the first position or tie for most companies involved in these sectors was held by companies in the healthcare sector. IT services also appeared on all lists – it was the #1 industry in terms of the number of industries most represented on the entire list of 5,000, but #3 overall in the top 50.
Per 100,000 residents, Washington, D.C. had the most small businesses on Inc. 5,000. This includes companies like SJ Technologies in IT services, with three-year growth of more than 3,800 percent and annual revenue of $14.5 million in 2015. They ranked 78th overall. There were also quite a few companies involved in government services, which should come as no surprise given the movers and shakers of the American political system that call the nation’s capital home.
Alaska and Arkansas, on the other hand, were the two least represented states. In fact, Airframes Alaska, the only company from The Last Frontier, made the list two years in a row. They were ranked 2046th in 2016, down from a top 1000 entry in 2015 at 670th. Arkansas fared slightly better, with eight companies on the list and two in the top 1,000. Both of these companies, Team SI and Collective Bias, are in the advertising and marketing industry.
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The Northeast, Midwest, and South are dominated by IT service companies. They rank first in each of these areas for the number of Inc.-listed companies. 5,000. While advertising and marketing ranked second in the Northeast and Midwest, the South topped government services.
The composition of the five largest industries in the West was different. Advertising and marketing was the best-represented industry on the list. Consumer products and services, which were the fifth most represented companies on the list, were only represented in the West. This area is home to major companies like Dollar Shave Club, which saw three-year growth of more than 4,100 percent and annual revenue in 2015 of more than $150 million.
New York City is the most represented of the major metropolitan areas in small businesses on Inc. 5000 letters. More than nine percent of the small businesses on the list are called Big Apple
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