Here’s What the Top 1% of Businesses Have in Common (and How You Can Be One of Them)
We all know our economic recovery absolutely depends on small businesses. But not all businesses are made equal. It’s high-growth businesses that will be essential to our upswing — a recent McKinsey study shows that 1 percent of US companies that are growing at the highest rate account for 40 percent of all net new jobs.
Every industry has its high-growth entrepreneurs: from construction to energy to financial services to tech. And you’ll find them in every area of the country. These powerhouse businesses — which hire, innovate and expand at disproportionately high rates — make up between 1 and 5 percent of every business sector in today’s market. Too often, good businesspeople fail because they do the right thing at the wrong time.
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