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What We Can Learn From the Forbes Best Small Companies List
Nov 18th
Forbes Magazine recently released their list of America’s 100 Best Small Companies.
Right off the bat, I need to say that the phrase “small companies” is relative. We’re not truly talking about “small businesses” with this list. The annual revenues of those on the Forbes list were in the 8 and 9 figures – from a low of $29 million for NV Energy to a high of $987 million for Skyworks Solutions.
But the list is instructive because it gives you an idea of the kinds of businesses that are growing, even in this economy. And if you need inspiration for your own business or are looking to spot trends in businesses, look no further than this list.
The industries on the list varied greatly, ranging from health and technology to education and mattresses. The diversity is exciting because it lets you know that there is room for all kinds of businesses.
Candidates for the list had to:
1). be publicly traded for at least a year;
2). have annual revenue ranging from $5 million to $1 billion; and
3). have a stock price higher than $5 a share.
Forbes looked at the companies’ earnings growth, sales growth, return on equity and account policies (eliminating any company with questionable financial systems). Each area was evaluated over the most recent 12-month and 5-year period.
Interestingly, there are at least three education companies on the list (Strayer Education, Capella Education and American Public Education). This reminds us that it’s the information age; helping others gain knowledge is hot right now.
In fact, WebMD Health makes their money off of information. They believe that better information leads to better health. Since they ranked number 5 on Forbes’ list, we could say that better information also leads to better business. This is the digital age, where content rules. There are also companies to facilitate your network of information (F5 Networks Inc.), secure and store your information and make your information public through Web hosting (RackSpace Hosting).
For more on the methodology, as well as details about the 100, visit Forbes.com/best-small-companies. There is a lot to see including multiple apparel and consulting companies, as well as household names like NutriSystem (No. 6) and Tempur Pedic (No. 15). The list may just inspire you with ideas for your next business, or help you spot some trends as to what businesses are doing well today and will prosper into the future.
What We Can Learn From the Forbes Best Small Companies List
View full post on Small Business News, Tips, Advice – Small Business Trends
Carlos Slim Richest Man on Forbes Billionaire List
Mar 11th
Image: José Cruz/ABr
The 2010 Forbes billionaire list awarded Carlos Slim Helu its richest man in the world honor. The Mexican tycoon is worth $53.5 billion, beating out Bill Gates ($53 billion) and Warren Buffett ($47 billion). Here are the top 10 richest men in the world, summed up from Forbes’ excellent list:
1. Carlos Slim Helú
Mexican billionaire who owns the biggest mobile phone company in Latin America, American Movil. He also owns a construction conglomerate, as well as stakes in Saks, the New York Times Co., Bronco Drilling, Inbursa, and Independent News & Media.
2. William Gates III
American billionaire who now runs the Bill & Melinda Gates Foundation. Besides stakes in Microsoft, he also has large stakes in Televisa, Auto Nation, and the Four Seasons hotel chain.
3. Warren Buffett
Through Berkshire Hathaway, this famous American controls Geico, Dairy Queen, BYD (an electric carmaker), MidAmerican Energy, and now Burlington Northern Santa Fe.
4. Mukesh Ambani
This Indian petrochemical tycoon runs Reliance Industries, India’s leading oil, gas and chemical giant. He owns the Mumbai Indians cricket team, to boot.
5. Lakshmi Mittal
Mittal, who is from India, runs the worlds biggest steelmaking company, ArcelorMittal. He also owns part of a British soccer team and sits on the boards of Goldman Sachs and EADS.
6. Larry Ellison
The Oracle founder, from the US, isn’t doing too badly after recently buying Sun Microsystems. According to Forbes, he also “won America’s Cup in February, besting longtime rival billionaire Ernesto Bertarelli.” Those billionaires sure can race, can’t they?
7. Bernard Arnault
This Frenchman builds his fortune off defining the luxury lifestyle. He owns Louis Vuitton parent company LVMH, which is also developing high-end commercial property in Shanghai, runs a French tour operator, builds yachts, and built a French ski resort. He’s probably the kind of billionaire you want to hang out with.
8. Eike Batista
This Brazillian oil and mining tycoon also runs a shipbuilding business (OSX) that may raise $5.6 billion–the biggest IPO in the world this year (so far). He also lives it up, according to Forbes, which says he is a “onetime champion offshore powerboat racer; formerly married to Playboy cover girl.”
9. Amancio Ortega
Women around the world thank this Spanish fashion mogul for stores like Zara and Stradivarius. Like a proper tycoon, he also dabbles in real estate, soccer, horse-jumping, banks, tourism, and gas. Oddly, he is betting on real estate in Coral Gables, Fla.–does he know something we don’t?
10. Karl Albrecht
This German grocery entrepreneur founded Aldi. He also cultivates orchids. That’s about as much as anyone knows about him, writes Forbes.
Read the rest of the list here.
Overall, there are fewer Americans on the list, but more Chinese, Turkish, Taiwanese, Russian, Brazilian, and Indian billionaires. For a good analysis of the global members of the list, read this Christian Science Monitor article.
View full post on Business Pundit
Forbes.com – 30 Women Entreprenuers to Follow on Twitter | Sylvia Browder’s
Dec 1st
| I am humbly honored to have been included on the Forbes.com list of 30 Women Entrepreneurs to Follow on Twitter written by Natalie MacNeil of She Takes… |
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