what is inc5000?

inc5000 is an annual list of the 5,000 fastest-growing private companies in the United States, created by Inc. magazine. It ranks businesses by their percentage revenue growth over a four-year period. The list is a portfolio of the most successful companies within the American economy's most dynamic segment— its independent small and midsized businesses.

Inclusion on this list is highly coveted and provides increased credibility to the company's brand and reputation. Companies receive a great deal of publicity from publicity from being featured on the Inc5000 since more than 600 media outlets use it for research about emerging companies to watch

To be eligible for the list, businesses must have been in operation for at least five years with no year-over-year declines in revenue and have had at least $2 million in revenue in 2016 (the fourth year of tracking). Once nominated, companies must submit their financial statements to be verified by an independent auditor.

The list is based on total percentage annual growth rate from 2015 to 2018 and highlights some of the biggest advancements from small and midsize companies during those years. This includes recognition of different types of organizations across all industries, sizes, regions, and more, giving companies outside major cities such as Silicon Valley or New York City an equal opportunity to make it on this prestigious list.

Being included among these select few can bring many benefits for a business; such as increased credibility, opportunity for external funding, gaining customers' trust, increased visibility among industry leaders which ultimately brings new business opportunities and leads to greater success.

These benchmarks may provide ideas for other entrepreneurs who can learn from their processes as they grow or scale their own business operations. Yearly rankings measure actual changes over time with each individual company's performance while providing insight into entrepreneurial trends over time through analysis of larger groups or categories across multiple surveys that come together to make up the whole Inc5000 report.

For aspiring entrepreneurs interested in achieving higher levels success – or any business needing a quick readout on where they stack up against other top performing organizations – Inc 5000 can offer invaluable knowledge beyond what any single business can anecdotally generate with its current sales pipeline or customer base alone