Fast 50 small businesses prosper through economic hardship

Successful small businesses rely on more than luck to thrive during an economic downturn

If you are lucky during an economic downturn, you keep your revenue flat. If you are very lucky, maybe it grows a little.

But what if you see your revenue grow by 60 percent or more? In that case, you are more than lucky. You’re smart, too.

That’s a good way to describe the 2009 Washington Technology Fast 50. These companies have weathered the economic crisis and have thrived with compound annual growth rates ranging from a low of 60.2 percent over five years to a high of 258.6 percent.

It is easy to say these companies are lucky because they are in the government market, which historically rarely shrinks.

But it is more than luck. These companies were smart enough to pick the right parts of the market to exploit.

The five we have picked to profile exemplify those savvy decisions and bring lessons that any business — large, medium or small — can benefit from. Those lessons include focus, customer service and partnering.

The Fast 50 is only one part of our annual special report on small business. We also rank the Top 25 8(a) small businesses and the top Alaska Native Corporations and tribally owned small businesses, and we explore barriers and challenges for small businesses trying to crack the government market.


About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!