Innovation

PROFIT HOT 50: Canada's fastest-growing startups

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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.

Yet, despite these obstacles, every HOT 50 firm at least doubled its revenue from 2006 through 2008, and 13 grew by at least 1,000%. The extraordinary performance of the PROFIT HOT 50 goes beyond the top line. Fully 70% were already in the black in 2008.

Results like these deserve the attention of all entrepreneurs with an interest in growing their businesses. So how did the HOT 50 do it? Read on for insight into how to create a growth star in any industry

How to use our tables
The PROFIT HOT 50 ranks the top 50 young businesses in Canada by 2-year revenue growth.

Clicking on a company’s name will take you to a profile with all our information about that firm. Each profile also features an Inside Track with further details on the company’s business.

The tables can be sorted in ascending or descending order by clicking on the name of the column that interests you.

The PROFIT HOT 50 tables and profiles can be emailed, printed out in a printer-friendly format, or downloaded as a spreadsheet.

We invite you to share our list on Facebook, Digg, Del.icio.us, Stumble Upon, Newsvine and other sites.

FAQ.

Enter the 2010 PROFIT HOT 50
The PROFIT HOT 50 offers a fantastic opportunity to generate new business, new alliances and valuable media exposure. Don’t miss this chance to join the growth stars and celebrate your hard-earned success.

Entry form.

Originally appeared on PROFITguide.com
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