When having a business or a company, a constant strive for achievement and growth is always at the top of priorities if success is to be ensured. With hard work always comes big rewards, and in our modern world competition is an everyday matter; recognition is also something that has become a positive everyday matter.
Multiple awards are given yearly by different business entities to companies that are setting marks with their management and work skills, in order to fulfill the never-ending hunger for success. One of the most important awards in the circuit is the Inc. 5000 Awards issued out by INC. magazine in New York City.
INC. magazine is an American based business media outlet known for their annual six print issues annually as well day to day content regarding everything in the business world. Inc. also issues a yearly Inc. 5,000 rankings, and an awards list that ranks the 5,000 fast growing private companies in the United States. The list is regarded as one of the best positional and networking tools for entrepreneurial leaders in the private sector. So what does it mean for companies like Day Translations and other top leading private businesses in the US to be on this list? Let’s break it down.
How Do Companies Enter the Inc. 5000 List?
In order for companies to enter the list, each company that wishes to apply must go through a list of simple yet very focal requirements. First, the companies that wish to be a part of the list have to be based in the US, private holding and independent. This means that the company cannot be a branch, division, or subsidiary of any other company big or small. Once the initial requirements are met each company is ranked according to its revenue growth percentage over a period of three years.
Companies have to be able to show three full calendar years of sales and revenue. One very important rule is that revenue in the first year of the company is at least $100.000 dollars and at least $2 million dollars in the third year of operations, being that the year before companies are allowed to apply for the list.
What Does It Mean To Be in the INC. 5000 List?
For a company that holds one of the coveted spots in the Inc. 5000 list, a whole new world opens up in the business spheres. Starting out with the media exposure that being on such an esteemed list brings to its award recipients, a company can easily see its image recognition soar to the top of their respective competitive fields.
With the exposure also comes something that many companies hold as a pivotal tool in order to thrive in the market, positioning. Once upon entering the Inc. 5000 list, companies are welcomed into a world of exclusive research tools and strategies for continuous growth that can easily become new pathways for companies to continue advancing.
Last but not least the networking possibilities the companies in the list acquire are beneficial to get going. Companies in the list will basically receive a welcome ticket into a community that holds 5000 of the best managed and economically strong private companies in the United States. Trading business tips and initiatives with peers from the list automatically give an advantage to any company looking to get ahead in their game.
Day Translations and It’s Way to the Inc. 5000 List
Day Translations, considered to be one of the best translation and interpreting outlets in the market, has managed to crack the list for the past 5 years, and it’s no surprise as to why. A true passion for languages and being able to offer customers looking for the best translating and interpreting services to ease up their day to day affairs is always the mark expected. The company, based out of the United States since 2007, and with outlets that expand through various parts of Asia, Europe, and South America, has made it a point to stand out as the best option for interpreting and translation needs.
Partnering up with business, health care, and educational outlets to provide their services, has helped Day Translations position themselves as a trustworthy enterprise for people and companies looking for improved communication skills achieved by accurate and culturally correct services. With an ever growing effort to offer the best services and tools in the market, it shouldn’t come as any surprise to see Day Translations continue their stay on the list, ranking higher as years go by.