Tuesday, March 26, 2013

Last Call for PROFIT 500 Ranking!

PROFIT Magazine is putting out a last call for companies that want to be considered for its annual ranking of Canada's Fastest-Growing Companies. But you have to enter by April 1!

For the 25th anniversary of this ground-breaking project, PROFIT is pulling out all the stops. This year it is celebrating Canada’s top 500 growth companies.
The listing was known as “the Fastest 50” when it started. It then became the PROFIT 100, then the PROFIT 200. Now it is leaping ahead to 500, an undertaking that promises huge benefits to participating companies.

With 500 companies, PROFIT should have sufficient volume of entries to segment the national list into specialty rankings by region and by industry. Your company may be the 267th-fastest-growing company in Canada, but you may also be the 12th fastest-growing manufacturer or the top growth company in Manitoba. (These are just examples; the categories haven't yet been confirmed).

The benefits? Every PROFIT 500 company will be listed in PROFIT magazine, as well as on www.PROFITguide.com. This is PROFIT’s annual must-read issue, so your listing could go a long way. And those interested in personal exit strategies should know that many big companies consider the P200/500 to be Canada’s best shopping list.

PROFIT will also be profiling the top Vancouver, Calgary and Toronto companies in special supplements to be distributed the week of June 3. Quebec companies will get additional coverage in PROFIT’s sister magazine, L’actualit√©, and firms in Atlantic Canada will get coverage in Atlantic Business magazine.

All winners will be invited to the PROFIT 500 “CEO Summit” in Toronto on June 5. It’s an annual networking andprofessional development event that should blow the roof off this year with so many successful innovators in one place. PROFIT is also hosting regional events (in Toronto, Vancouver and Calgary) in the fall for listed CEOs in those regions.

PROFIT has even changed the reporting criteria, to encourage more companies to enter. Companies are still ranked on five-year revenue growth. But for the first time, the listings will no longer refer to a company’s profitability. And private companies will no longer have to publicly disclose their revenue if they don't want to; they will be able to publish their revenue numbers as a range.

PROFIT insiders tell me that any company that has had five-year revenue growth of more than 50% has a chance to crack the listing.

Don't put if off any longer. Check out http://www.profitguide.com/microsite/profit500 now!

Rick’s comments: As the former editor and publisher of PROFIT (and the guy who named the PROFIT 100 and later expanded it to 200), I salute the plucky, hardworking PROFIT staff who are continually punching above their weight level. This is an ambitious leap forward that could have a huge impact on innovation and entrepreneurial success in Canada. You rock, guys. Good luck!

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