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Facts and Figures of the Inc. 5000 Series: California–At-a-Glance

 

Following the money? Make your first stop California. Home to some of the most prominent U.S. venture capital firms, California attracts 47 percent of venture dollars, according to Pitchbook. But that’s just part of the story. To gauge the dynamics powering the state’s hottest private companies, Inc. crunched their numbers between 2016 and 2018. Here’s a look what’s driving California’s fast-growth businesses: What they do, where they do it, and how they contribute to the state’s economy in the process.

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Introducing the Inc. 5000 Series: California’s Top Companies

 

Inc.‘s first annual ranking of America’s top businesses in California is here. The fastest-growing private companies–representing cities from San Diego to Sacramento–saw their combined total revenues climb 168 percent to a collective $5.5 billion between 2016 and 2018. Their 2018 revenue ranged from $1 million to $393 million. And they are also job creators, adding 26,000 to California payrolls.

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Trust Others to Achieve Success

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Ian first graduated from the University of Edinburgh in 1993 with a Sociology degree and no clear idea of what to do. Falling by chance into a job as a librarian and general assistant for a small financial publication, Ian became fascinated with finance, markets, and companies, sparking the drive and desire for self-improvement that saw him start a rapid growth upwards through the business side of a raft of Fintech companies.

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Enshored opens its third Manila office to match rapid client growth

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“Opening our third office in Manila will make sure we can keep up with the growth coming both from existing and new clients.”

Enshored is excited to announce the opening of its third operations center in Ortigas, Metro Manila, in The Philippines. Enshored has signed another lease for over 8000 Sq Ft of space in the JMT building on ADB Avenue. The newest office will start operating by the end of January 2020.

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Enshored opens its third Manila office to match rapid client growth

Enshored reception 3rd office PR

 

“Opening our third office in Manila will make sure we can keep up with the growth coming both from existing and new clients.”

Enshored is excited to announce the opening of its third operations center in Ortigas, Metro Manila, in The Philippines. Enshored has signed another lease for over 8000 Sq Ft of space in the JMT building on ADB Avenue. The newest office will start operating by the end of January 2020.

Enshored has been successfully operating from two offices in Ortigas and with over 700 employees. One of these is also in the JMT building, where Enshored have been working since the summer of 2016.

Scaling Made Simple – Strategy #4: Improve Your Processes

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When businesses are growing rapidly, the focus is generally on revenue and getting more of it, and not necessarily on how you deliver that product or service. This can create large inefficiencies in the daily processes that your team is working on. In particular, growing a business can be like reinventing the wheel as there is no time to go outside and work out how others solve this problem.

Scaling Made Simple – Strategy #3: Outsource Non-value Added Activities

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It’s been estimated that over 90% of Fortune 500 companies use some sort of outsourcing to assist with their operations. There’s a reason for that! 

As businesses grow, processes naturally need to be added and tweaked. Some of these add real value to your bottom line, but some don’t. Many companies claim that their customer service function is a real value-add, but do you have data that proves you actually add customers because of it?

Scaling Made Simple – Strategy #2: Make sure your management team is fully focused on the core business

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Time is finite. Ideally, some of the most productive and engaged minds in your company reside in management. Each of these leaders only has so much time in a day. 

As businesses grow, they get more complex. That’s just a fact of life. The problem is that this can lead your company leadership to get bogged down in items that don’t contribute directly to the larger vision and mission of your company. In fact, a Harvard Business Review article states that the typical company’s senior executives spend less than three days each month working together as a team—and in that time they devote less than three hours to strategic issues.

BUSINESS INSIDER: 50 US companies that actually cared about diversity in 2019

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Career site Comparably released its annual ranking on the 50 best companies for workers of color. Non-white workers took an in-house survey that inquired about pay equity, support from leadership, and company culture.

Major companies that made the list included Google, Facebook, Southwest Airlines, and Starbucks. Small tech companies, like development platform Github and marketing software firm HubSpot were also included.

Here are the 50 best companies for people of color (in alphabetical order).

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