49 companies batting a billion
These big hitters started off small, but reached $1 billion in sales last year. See the full list, including revenues and stock returns for each company.
NEW YORK (FORTUNE Small Business) - What do a cheesecake chain, an online broker, a green energy company and a medical software firm have in common? They are among 49 U.S. companies that hit a special milestone last year: $1 billion in annual sales.
All 49 of these businesses started small, grew rapidly and profitably, and - while in vastly different industries - followed many of the same seven management practices, says David Thomson, a former technology executive and management consultant, who spent the past three years of his life figuring out exactly what it takes for a startup company to reach that magic revenue threshold of a billion dollars.
Thomson, 52, calls these fast-track firms Blueprint companies in his new book Blueprint to a Billion, because his research revealed that they all followed a similar plan for growth.
Thomson found Blueprint companies in nearly every industry, although the top three sectors were consumer goods (26%), information technology (18%) and financial services (15%), closely followed by health care (13%).
The key: Each Blueprint company operated in a market big enough and fast-growing enough to support more than one billion-dollar enterprise.To write a note to the editor about this article, click here.