Our project delves deep into this list, unraveling the stories and statistics behind these business success tales. We've discovered that the average growth of these companies stands at an impressive 19,605%, with average revenues reaching around $71 million. Notably, industries such as Logistics & Transportation, Consumer Products & Services, and Food & Beverage are leading the growth trajectory. This exploration not only offers a quantitative understanding of these businesses but also provides a qualitative insight into the strategies, challenges, and innovations that have propelled them to the top. Join us as we navigate the vibrant landscape of America's fastest-growing companies.
Challenge: Inc. 5000
Author: Matthew Braun
Date: September 29, 2023
Linkedin.com Profile: https://www.linkedin.com/in/matthewbraun1
Maven Analytics Profile: https://mavenanalytics.io/profile/Matthew-Braun/65969023
This is the analysis of the Maven dataset related to the 2019 Inc. 5000.
Infographic style - 3000 x 1280 pixels
Some of the initial graphics/powerpoint slides were downloaded from SlidesGo.com
Field****DescriptionRankThe rank of the company on the INC5000Name Name of the companyProfileURL to the company's profile on the INC website.URLCompany Website URLStateThe US State in which the company is locatedRevenueThe company’s revenue in millionsGrowth %Growth percentage of the companyIndustryThe industry to which the company belongsWorkersCurrent Number of workers in the companyPrevious WorkersNumber of workers in the company in the previous yearFoundedThe year in which the company was foundedYrs_On_ListNumber of the years the company has been in the INC5000 listMetroMetropolitan area in which the company is locatedCityCity in which the company is locatedWorker ChangeThe change in the number of workers from the previous yearWorker DescDescription of worker change (Increase / Decrease)
Provide summary of the dataset, including statistical measures
Identify the industries with the highest average growth
Visualize the distribution of companies across states
Analyze the correlation between revenue and growth
RankCompanies are ranked 1-5000RevenueThe average revenue across companies is approximately $31 millionThe revenue ranges from $1 million to $990.6 millionGrowth %The average growth percentage is 454.68%The growth percentage varies widely with a minimum of 52.17% and a maximum of staggering 36,680.39% WorkersOn average, companies have around 243 workersThe number of workers varies from 0 to 155,000Previous WorkersOn average companies had around 112 workers in the previous yearFoundedThe companies were founded between 0 and 2016 Years on ListCompanies have been on the list for an average of 2.81 yearsWorker ChangeOn average, companies saw an increase of 131 workers from the previous yearHowever the range varies from decrease of 682 workers to an increase of 118,351
Top 10 Industries
Logistics & Transportation: 717.56%
Consumer Products & Services: 685.64%
Food & Beverage: 668.23%
Computer Hardware: 651.98%
(Visualization - RAW)
The scatter plot displays the relationship between revenue and growth percentage for the companies in the dataset:
The bar chart showcases the top 10 metropolitan areas with the highest number of companies on the INC5000 list:
To summarize the insights:
Notes to use for Textboxes on the Infographic
Inc. 5000 - What is it?
The Inc. 5000 is an annual list published by Inc. magazine that ranks the fastest-growing private companies in the United States. The list is based on the percentage revenue growth of companies over a three-year period. The Inc. 5000 is an expansion of the older and more well-known Inc. 500, which originally ranked only the top 500 companies by growth.
The Inc. 5000 provides a snapshot of the most successful companies in the American economy's most dynamic segment—its independent small and midsized businesses. Many well-known companies, such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, and Zillow, gained their first national exposure as honorees on the Inc. 5000.
To qualify for the list, a company must meet several criteria:
Being included on the Inc. 5000 is seen as a prestigious accolade for growing private companies and can offer increased visibility, recognition, and growth opportunities for the businesses that make the list.
First Look at the Companies Building Our Future
The companies on the Inc. 5000 list are a testament to remarkable business acumen and dedication to innovation. Averaging an astounding growth rate of 19,605%, these organizations have shown exceptional prowess in their respective industries. Coupled with an average revenue of $71 million, they stand as paragons of entrepreneurial success. These figures not only highlight the substantial economic impact of these companies but also underscore the potential that lies in strategic business decisions, unyielding perseverance, and a deep understanding of market dynamics.
The Inc. 5000 list offers a snapshot of the most dynamic sectors powering the economy. Leading the charge is the Logistics & Transportation industry, boasting an average growth of 717.56%. Closely following are Consumer Products & Services and Food & Beverage industries, experiencing growth rates of 685.64% and 668.23% respectively. The tech realm is not far behind, with Computer Hardware surging at 651.98%. The Energy sector shines bright with a growth of 592.08%, while the Retail sector thrives at 584.82%. Health and Software industries also mark their significant presence, with growth rates of 546.91% and 524.67%. The Telecommunications industry connects with a 515.41% growth, and the Security sector ensures its position with a growth of 490.19%. This array of industries underscores the diverse and dynamic entrepreneurial landscape, each carving its unique success story.