Sometimes Overnight Success Takes a Decade or Longer. These Multimillion-Dollar Companies Can Tell You Why
By Catherine Perloff
The path to success is never straightforward, but some companies have taken an exceptional number of twists and turns along the way.
A battery maker that spent 14 years searching for a market; a 1920s-era cotton warehousing company-turned logistics powerhouse; and a language-services provider that benefited greatly from new legislation–this year’s Inc. 500 boasts only a handful of companies that were founded in the 20th century. Indeed, 85 percent of this year’s top honorees–which make up Inc.’s list of the fastest-growing private companies in America–were founded in 2010 or later.
But what these older companies have lacked in dynamism, they’ve made up for in perseverance–showing that even long-standing companies can reach so-called hockey-stick growth. Here are three companies that have stood the test of time to achieve fast growth.