New York, July 2, 2013 (GLOBE NEWSWIRE) -- What is the only statistically significant predictor of a company's future success? It's not location, industry, or huge bursts of growth. Rigorous economic research shows the only trait shared by the healthiest U.S firms is this: sustained job growth.
The Build Network, the management enterprise founded by Inc. Magazine to help midsize companies scale, today unveiled research connecting a company's history of steady job growth to its long-term success. In conjunction, Build also announced The Build 100, a new business index recognizing those sustained-growth powerhouses that have added jobs in each of the last five years.
Inclusion in The Build 100 hinges on a company's historical workforce data and its responses to an in-depth research survey. Build has invited firms with a proven track record of job growth to verify their Build 100 candidacy at www.thebuildnetwork.com/about/build-100/. The deadline for submitting company verification and for completing The Build 100 research survey is July 15, 2013. There are no entry fees. The Build 100 will be celebrated in Build's Fall catalog and on thebuildnetwork.com.
"The Build 100 is the next great business list," said George Gendron, editor-in-chief of Inc. Magazine for 20 years and founder of the seminal Inc. 500 list. "In the 1980s and 1990s, the Inc. 500 laid the research foundation for much of what we now know about startups and early-stage ventures. Today, The Build 100 is poised to help us understand what it takes to build a company not just to last but to thrive, grow, and adapt in even the toughest economic climates."
"This is not just another ranking; The Build 100 is actually a predictive tool," said Michael Hopkins, managing director and editor-in-chief of The Build Network. "After studying 22 million organizations, our team has determined that sustained job growth is the only statistically significant predictor of future survival and continued growth. The Build 100 companies are firms to bet on, to study, and to emulate."
Eligibility
The Build 100 is for U.S.-based companies with a proven track record of employment growth. Companies must have been founded in 2007 or earlier, and have employed between 50 and 1,000 employees as of January 1, 2013. All applicants must complete The Build 100 eligibility survey and research survey available at www.thebuildnetwork.com/about/build-100/ by July 15, 2013.
About The Build Network
Founded in 2011 by two longtime editors of Inc. Magazine, The Build Network serves 150,000 leaders of midsize companies with a quarterly print catalog, a dynamic web site, live events, research endeavors, and The Build 100 index of sustained-growth firms. For more information, visit thebuildnetwork.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.