Since 1982, Inc. has released an annual list that profiles the entrepreneurs and the companies that are making the most headway in their industries. Making the Inc. 5000 list is recognized as one of the most prestigious honors for entrepreneurs. Inc. 5000 ranks the fastest-growing private companies in the nation, and part of the prestige stems from the fact that Inc. is one of the only major brands dedicated exclusively to owners and managers of growing private companies. The publication pushes the goal of delivering real solutions for today’s innovative builders of new companies.
The list, which was released on August 14th, 2019, presents a unique look at the most successful small American businesses across a truly diverse array of sectors. The companies that made the list represent the gamut, including such industries as advertising and marketing; business products and services; computer hardware; construction; consumer products and service; education; energy; engineering; environmental services; financial services; food and beverage; government services; health; human resources; IT management; IT services; IT system development; insurance; logistics and transportation; manufacturing; media; real estate; retail; security; software; telecommunications; and, travel and hospitality.
The companies on the 2019 list are ranked according to their percentage growth for the year when compared to growth in 2015 and 2018. According to Inc., “To qualify, companies must have been founded and generating revenue by March 31, 2015. They must be U.S.-based, privately held, for-profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2018. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There were 12 ties on this year’s Inc. 5000.”
To honor the renowned companies, Inc. hosts the Inc. 5000 Conference and Awards Ceremony, where they celebrate the remarkable achievements of these businesses. The events also offers informative workshops, celebrated keynote speakers, and evening functions.
The Top Ten
The top ten companies on the list hail from a broad list of locations and industries, but each experienced over 11,000% in growth. Let’s take a look at who made the top ten cut this year:
- 10. NOM, Los Angeles, California – Advertising and Marketing
- 9. Providence Healthcare Management, Cleveland, Ohio – Health
- 8. Connected Solutions Group, Mechanicsville, Virginia – Telecommunications
- 7. Bear Mattress, Hoboken, New Jersey – Consumer Products and Services
- 6. Can Health, Miami, Florida – Health
- 5. Perpay, Pennsylvania, Philadelphia – Retail
- 4. LadyBoss, Albuquerque, New Mexico – Consumer Products and Services
- 3. Cece’s Veggie Co, Austin, Texas – Food and Beverage
- 2. FreightWide, Brentwood, Tennessee – Logistics and Transportation
- 1. Freestar, Phoenix, Arizona – Advertising and Marketing
AdvisoryCloud Recognized for the 2nd Time
Many companies that were recognized have been celebrated on the list for multiple years in a row, indicating the substantial and continued growth of their company. One notable company that was recognized for the second time in a row was AdvisoryCloud, a web-based service that provides professionals the platform, exposure, and tools to monetize their knowledge as an advisory. This year, the company ranked number 614 on the list and was recognized for their successful transformation into a full software platform that provides the tools and resources executives need to market themselves in an effort to be hired for advisory work.
The primary reason that AdvisoryCloud makes a splash in the news is because it represents a new concept in the industry: allowing individuals to be connected with companies worldwide in a time when entrepreneurship is at its height. The continued success of any company hinges on a flow of innovative ideas, and many lack growth because of their limited resources related to building their advisory board, which often generates those innovative ideas. However, since 2012, AdvisoryCloud has provided the opportunity to individuals and companies to connect to ensure that the most qualified candidates are selected for companies’ boards, guaranteeing that neither time nor money is wasted in building their future.
The platform, which is simple to use and only requires online registration, allows for one-on-one phone meetings to fill advisory board positions. It also allows individuals to set their desired compensation and empowers prospective advisors to make their expertise available to anyone or any company in the world. No longer is potential growth limited by geographical boundaries and the size of one’s personal or professional network – now, specialist across the globe can come together to create innovative futures.
Jonathan Aspatore, CEO and founder of AdvisoryCloud, said, “It’s an honor to be recognized once again by the Inc. 5000 and ranked alongside so many remarkably innovative businesses. The last year has seen a lot of automation in our business, enabling us to focus our efforts on developing ways to give professionals the potential to monetize their knowledge and time as an advisor while at the same time making it easier than ever before for companies of all sizes and in every corner of the world to hire advisors.”
He continued to report that “Our growth is a testament to our amazing team that has adapted as our business has transformed into where we are today. It’s taken a lot of years to get the product right, but this ranking is further validation that we have taken the right steps and solidified our position in the market… It’s rewarding to be on the leading edge of the new gig economy by providing a platform where executives and companies can connect for advisory work.”
AdvisoryCloud’s reported revenue was $27.6 million with 713% growth, and they were one of only eight companies recognized in the San Francisco market within the Business Products and Services industry. The others included Anna Marie Events, Innowave Marketing Group, TruSource Consulting Group, TapResearch, Entire Productions, OnQ Solutions, and Schox Patent Group.
The hope shared by companies such as the above-mentioned, including AdvisoryCloud, is to continue on a path towards further growth. Since the list is over thirty-five years old, there are companies that have seen recognition since the beginning – some that have been recognized fourteen times on the top 5000 list. These companies include WMK from Richfield, Ohio (industry: retail); Jarett Logistics Systems from Orrville, Ohio (industry: logistics and transportation); G&A Partners from Houston, Texas (industry: human resources); Total Quality Logistics from Cincinnati, Ohio (industry: logistics and transportation); and Pacific Dental Services from Irvine, California (industry: health).
AdvisoryCloud hopes to witness the growth that these companies have seen over the last three decades. As a company that is less than ten years old, they, along with the thousands of other honored companies, are committed to developing a business future that utilizes the most innovative technology while meeting the demands of consumers in the future.
Acknowledgement By Inc.
This year’s list displays overwhelming growth compared to the lists of prior years. The companies on the 2019 Inc. 5000 list achieved a shocking three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018 with an average of $47.5 million, accounting for 1,216,308 jobs over the past three years.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can make that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”