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Is your company Fast 40 material?

As I See It

The Mississippi Business Journal and our corporate partners are looking for Mississippi’s 40 fastest-growing companies.

Last held in 1999, the Fast 40 program recognizes the achievements of the 40 fastest-growing companies that:

• are independent and privately-held;

• have enjoyed revenues of at least $1 million in 2000 and have three complete years of operations;

• have their home offices and principal place of business in Mississippi.

For 2001, Fast 40’s co-sponsors are KPMG, LLP; Brunini, Grantham, Grower & Hewes, PLLC; and GodwinGroup.

Here’s how the program works: First, locate the nomination form inserted in this week’s issue. Completing this form and submitting the required information puts your hat in the ring.

KPMG and Brunini, Grantham, Grower & Hewes will receive the nomination forms, verify the financial data and determine the winners. All financial data will be held in the strictest confidence. The deadline for submitting a nomination form is July 2, 2001.

Once the winners are determined, Godwin is going to prepare a video celebrating the winners. In October 2001, MBJ will publish a special issue detailing the achievements of the winners. Awards will be presented on Oct. 18, 2001, at a gala to be held at the Jackson Country Club.

A great time is sure to be had by all.

Why are we doing this project? Why should we, or you, be interested in recognizing Mississippi’s fastest growing companies?

To borrow a phrase: It’s the economy, stupid.

These are the companies creating lots of jobs and investing mega bucks in our economy. To some extent, these companies are responsible for the recent economic landslide frequently referred to as the “Mississippi Miracle.” They deserve to be honored, and we are excited to be a part of the program.

Growing a business is a real challenge — hard to achieve and harder still to sustain. Very few companies can stay on the fast track for long without falling by the wayside.

Successful growth requires attention to three basic issues: commitment to growth sufficient to overcome the radical changes attendant with growth, a strategy for growth complete with measurable goals, and sufficient capital and infrastructure to allow growth.

Accidental growth is chaotic growth. Businesses who find themselves growing without intending to do so usually get into trouble. Employees are unprepared for growth changes and capital is generally not available to finance the required expansion.

The winners of the 2001 Fast 40 program have all come face-to-face with growth issues and have prevailed. Having successfully grappled with the problems attendant with growth, they deserve recognition.

Is your company a candidate for the Fast 40? The nomination period is now open. We encourage you to complete the nomination form and see what happens.

Thought for the Moment – Nothing hurts more than having to pay income tax — unless it’s not having an income to pay taxes on.

— Carolyn Oates

Joe D. Jones, CPA, is publisher of the Mississippi Business Journal. Contact him at cpajones@msbusiness.com.


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