In the past year we've learned a lot about starting a company. Many people start a company every year even knowing that the odds may be against them. According to the Small Business Administration, only 66% of small businesses will survive their first two years. What it takes to go the distance varies but a strong mission, a great team, and a customer-centered mindset can take you a long way.
In a couple weeks, the Inc. 5000 will convene in San Antonio for the annual conference and celebration of these businesses who have achieved the honor of being named to the Inc. 5000. These companies are the fastest growing private companies in the United States. Inc. calls these businesses the superheroes of the U.S. economy because they provide innovation, jobs, and growth. The list showcases the ingenuity and determination of those who found companies and are able to help them thrive.
We are honored to work with three Inc. 5000 companies who have made the Inc. 5000 list for multiple years in a row. Each of these companies isn't just a fantastic team, they are also consistently evolving. In the last year, Concierge Auctions rolled out the Instant Gavel app providing customers the ability to bid on a property with a few taps of a screen. W + R Studios brought the CloudMLX product to the market and quickly nabbed an Inman Innovator award for the Most Innovative Technology. Hawaii Life, marked their eighth year and the launch of their vacations subsite designed to connect vacationers with the temporary home of their dreams.
In each of these cases, the company had a strong and successful core business but also had the courage and vision to augment their original offerings to better serve their customers. This is at the core of what it takes to be a bold private company in today's ever-changing world.
In a presentation at last week's Encon conference, our founder Audie Chamberlain reminded the audience of the Isaac Newton quote: "If I have seen further, it is by standing on the shoulders of giants." Working with the best means we get to see a little further than most. Follow these companies, they are ones to watch and may help you see a little further too.