CPA Site Solutions, a provider of CPA websites for accountants, was named to the prestigious 2011 Inc. 5000 list, a compendium of the fastest growing private companies in America, for the second consecutive year.
“Earning a place on this list for a second time is a tremendous honor,” comments Brian O’Connell, President of CPA Site Solutions. “And, again, I have the company’s dedicated team of webmasters, designers, and SEO specialists to thank,” O’Connell adds.
The $3 million company received a rank of 1736 out of 5,000 companies and achieved a three-year growth rate of 154%. In 2010, CPA Site Solutions was no. 1313 on the list with a three-year growth rate of 223%. The company has grown from 16 employees in 2010 to 19 employees in 2011.
Of the 10 Vermont businesses that were honored on this year’s Inc. 5000, CPA Site Solutions earned the 2nd spot. It is the only honored Vermont company in IT Services.
O’Connell Attributes Success to Management Principle
CPA Site Solutions’s steady growth is a result of how successfully the staff has embraced systems, says O’Connell. Creating systems means developing a particular process for completing tasks so they can be performed identically in the future.
Specifically, all team members document the process they used to complete a facet of their work. The company keeps an online wiki, and each team member is responsible for updating the living document as the systems evolve.
Sections of the wiki include Training New Members, Social Media, and Handling Client Frustrations.
“I highly recommend adopting a systems approach for any business,” comments O’Connell. “With a tested system in place, the team can focus on completing their job quickly and making regular improvements, rather than putting out fires. Having a system in place actually prevents most fires!”
“I firmly believe this is the best way to grow a business,” adds O’Connell.
The Inc. 5000 Distinction
The Inc. 500|5000 list, Inc. magazine’s annual ranking of the fastest growing private companies in America, represents the most comprehensive look at the most important segment of the economy: America’s independent entrepreneurs. CPA Site Solutions joins Spirit Airlines, television maker Vizio, Honest Tea, and Dunkin Donuts as honorees on this year’s list.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94%. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.