08 Aug 2010 Inc 5000 – List of America’s Fast-Growing Private Cos.
FINGER LAKES BUSINESS SERVICES Ranks No. 3292 on the 2010 Inc. 5000 with Three-Year Sales Growth of 58%
NEW YORK, August 24, 2010 — Inc. magazine today ranked Finger Lakes Business Services, Inc. NO. 3292 on its fourth annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies.
“We are not exactly in a growth industry, so we are extremely pleased to be included in this list,” says Gardner McLean, President of this Auburn, NY based business. “We have been able to grow by applying basic business principles in an industry where businesses are often run as a ‘mom and pop’ businesses. We focus on treating our customers as we would like to be treated. We do not gain market share by cutting prices, but by continuing to provide stellar service day in and day out.”
With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
“Our 75 employees work daily on mastering the details of our extensive check list against which they are measured,” says Ray Schremp, Vice President of Operations. “We have a strong work force that has been screened and tested and evaluated daily. Our customers expect the best and we strive to prove it on every call.”
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009 . To qualify, companies must have been founded and generating revenue by June 30 , 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. ( www.inc.com ) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647 , Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com .