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High-Impact Entrepreneurs, High-Performing Companies

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  • PE-backed companies – Private equity continues to be a relevant ownership model for many high-impact entrepreneurs because it encourages outperformance through an emphasis on efficiency and strategic improvements, even in the harshest economic climate. PE helps entrepreneurs establish stronger companies with more aggressive growth strategies, access to a wider range of capital, a greater geographic footprint and stronger opportunities for organic growth. Today, market conditions have forced PE firms to adapt to a buy and hold strategy, spending ample time and resources on making substantive improvements to their portfolio companies and, thus, enhancing the value of their investments.
  • Family-owned companies – What sets the family-owned finalists apart is their astounding resilience. With self-reliance and middle-of-the-road growth strategies -- grew revenue by 14% and jobs by 11% --  they are able to survive nearly any crisis – economic or otherwise and serve as stable anchors to their communities. By self-funding their growth, family businesses have the space and time to diversify and make thoughtful investments. Their challenge is embedding ongoing reinvention and renewal within their cultures.
  • Women-owned companies – Women entrepreneurs face well-known challenges to scaling and becoming market leaders. The highest-impact women entrepreneurs have overcome – or simply ignored – these barriers to find their stride toward the bold growth of high-impact companies. Additionally, because these companies are generally smaller, they are also more agile. This means they can react quickly to market forces and seize market share from older, slower counterparts. While only 11% of the EY Entrepreneur of the Year finalists are women-owned businesses, these companies pack a punch. Among the 11% of the EY Entrepreneur of the Year women-owned company finalists, many have shown revenue growth of more than 20% per year and job growth of 18% for each of the last two years.

While start-ups get much of the attention and are critical to building a healthy entrepreneurial ecosystem, it is high-impact entrepreneurs who are the power behind the economy.

"To create and maintain economically stable communities, it takes a diverse blend of high-impact entrepreneurs," said Bryan Pearce, EY Americas Director, Entrepreneur Of The Year. "The capital markets need them. The economy needs them. And most of all, our communities need them.”

For the full report, click here.   


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