If you are currently part of a private company, either as an employee or owner, or plan to start one, you should be able to find inspiration from this list of the 10 fastest growing private companies in America, each of which has exhibited remarkable growth over the past few years.
Not all growth can come from public companies. In fact, there are disadvantages inherent in public companies that might spook you from investing in them. Besides, there are things that are alluring about starting or investing in a private business. First off, you get to have more leeway in setting your goals and objectives. Another thing is that the lesser degree of scrutiny (e.g., not needing to report your revenue yearly on the dot, for one) can be quite advantageous for a private company, especially one that is just starting out. Heck, there are even billion-dollar enterprises and businesses that still resist the siren call of going public, for many valid reasons. That’s why we several private companies can be counted among the biggest in the world.
But we already know about the giants in the private enterprise field, like your Kochs and your Ubers. In fact, even their private status wasn’t enough to deflect the negative press flung their way. And many of the smaller private companies end up either being gobbled up by big companies before they ever reach their full potential, or begin to wither and fall off the map due to an inability to manage themselves effectively past a certain point. But there are private companies that, against all odds, have exhibited remarkable, even dozen-fold growth over the past three years.
Enter the Inc. 5000, a yearly ranking of the fastest-growing private companies in the U.S. For its latest ranking, released in August 2016, it put special attention on ten companies that were head and shoulders above the rest of the 5,000 notable private companies when it comes to revenue growth.
For this list of the 10 fastest growing private companies in America, which are Bounce Exchange, CalCom Solar, Company.com, eluxurySupply.com, FedBiz IT Solutions, Globalization Partners, Loot Crate, Los York, Paint Nite, and PANTHERx Specialty Pharmacy, they are ranked according to their revenue growth over the three-year period from 2012 to 2015. Check out how they ranked beginning on the next page.
And if you do get inspired by the companies in this article, Insider Monkey also has a list of the top 10 fastest growing industries in America, to further help you zero in on a successful business idea.