Overview
Canada's Emerging Growth Companies are a tiny elite. Most of the tens of thousands of businesses launched each year in this country fail within a few years. Even among the survivors, only a precious few expand at anything close to the blistering pace of the PROFIT HOT 50, whose revenue growth averaged 1,007% over the past two years. What makes these companies so special? It's not as if they're immune to the hurdles that face other businesses. When HOT 50 CEOs were asked to cite the external obstacles that had prevented even faster growth, they listed a series of challenges that will be wearily familiar to other entrepreneurs, such as a sectoral downturn, qualified worker shortages, prospects' reluctance to buy from a young firm, and currency fluctuations.
Latest PROFIT HOT 50 Stories
PROFIT HOT 50: Safer passage
Tuesday September 01, 2009
There are many routes to the top, each fraught with its own challenges. Here's how the HOT 50 overcame the pitfalls common to five startup scenarios.