At first glance, the numbers are a little intimidating. After all, the companies in Deloitte & Touche’s Technology Fast 500 attained an average five-year revenue growth rate of more than 6,000 percent. Then, after the sense of awe passes, there is a natural tendency to dismiss their caffeinated growth as an aftereffect of the dot-com bubble.
But for many of these companies, success is not simply the result of selling the right product or service at the right time. In fact, their stories will sound familiar to any well-run business. For one thing, their core values – which include understanding customers’ priorities as well as their own core competencies – often are a testament to common-sense business basics.
And, while they are young compared to their bricks-and-mortar peers, many are finding that their fast-growth days already are behind them. Add to this a recession which, arriving during their adolescence, has pushed them into a period of painful corporate soul searching.
Some already have fallen victim to the economy of 2001-2002, while others hope to emerge even stronger.