“They've accomplished new ways of producing sustainable growth and are an inspiration to others who want to fulfill their own entrepreneurial goals.”
IRVINE, CA and BURTONSVILLE, MD, Oct. 27, 2015 – iControl Data Solutions, a data, payments and analytics software company servicing retailers and their suppliers, announced today that it has been recognized by Entrepreneur Magazine by being included in their Entrepreneur 360™ list of Best Entrepreneurial Companies in America.
According to Entrepreneur magazine, “the Entrepreneur 360™ Performance Index studied companies that exemplify sustained growth. By taking a 360-degree view of U.S. businesses and examining how they have attained lasting success over multiple years, the study resulted in uncovering six paths for achieving sustainable growth and recognizes the distinguished group of extraordinary companies demonstrating them.”
This analysis uncovered a subset of companies, as noted above, whose continued success is largely based on superior value creation for their customers, building an adaptive learning culture, and aggressive geographic expansion, making them the most dynamic firms in America today. Those companies have been designated the “Best Entrepreneurial Companies in America” for 2015 by Entrepreneur.
“Those honored have identified a problem, come up with a unique solution, and bravely built their enterprises around it,” says Ryan Shea, president of Entrepreneur Media. “They’ve accomplished new ways of producing sustainable growth and are an inspiration to others who want to fulfill their own entrepreneurial goals.”
“I am deeply honored on behalf of our entire team that iControl was selected as part of this exclusive group of great companies,” said Tal J. Zlotnitsky, iControl’s co-founder, Chairman and Co-CEO. “Since our founding, we have been focused on being a company that solves problems for both sides of a transaction. We think the best way we can impact our customers’ business is by giving them tools and support that help them collaborate more efficiently and productively with their partners. Every day, I feel we do our job a little bit better than we did the day before. It’s incredibly gratifying to be recognized for doing what we know is the right thing to do.”
The six paths for achieving sustainable growth, presented as entrepreneurial archetypes, for achieving continued success are: best practicers, data champions, controllers, classics, forward thinkers and contrarians. Featured in the redesigned November issue of Entrepreneur and on Entrepreneur.com, embody key characteristics, processes, and additional takeaways that drive sustainable growth.”
iControl was selected as a member of the Controller group, which excels by focusing on its customers, growing steadily from year to year, and positioning itself to grow along with its customers.
“Each archetype represents a unique set of objectives, strategies, and tactics, and each demonstrates the trade-offs between actions that increase the probability of success and those that can increase operational risk,” explains Lisa Murray, Chief Insights Officer of Entrepreneur Media, Inc. “The companies recognized in the E360 Performance Index fall into one of the six we’ve identified. While each company was founded by individuals driven b unique visions of how to create higher value for customers in both emerging and mature industries, it’s through extraordinary implementation that they have achieved lasting success
Conducted through in-depth surveys and research, the team of editors and researchers behind the E360 Performance Index, in partnership with the Business Dynamics Research Consortium, collected more than 250 pieces of data from hundreds of companies, focusing on growth drivers and challenges, goal setting, resource allocations, and reward systems. The company founders who participated were surveyed on multiple factors that go beyond the traditional measurements of success, including market sector, sales territory, target growth rates, culture and other company functions.
Companies had to be based in the U.S., privately owned, involve the original founder of the company, and have at least three years within a five-year period that they added employees.
According to research conducted by the Business Dynamics Research Consortium (BDRC), less than one percent of U.S. businesses expanded capacity three or more years out of the past five. On average, they grew by 41% over the period whereas all other surviving companies lost an average of 4%. Based on their analysis of 19.1 million for-profit US businesses, sustained growers are statistically more likely to survive and continue to grow over the next five years than any other group of businesses in the economy.
“The companies identified in the E360 Index are sustained growers, and based on our research, have proven adept at navigating the changing challenges of their marketplace to win new business and grow their output capacity year after year,” says Gary Kunkle, senior research fellow at the Business Dynamics Research Consortium and research partner of the E360 Performance Index.
About iControl Data Solutions
iControl is a leading provider of data, payments and insights software to retailers and their suppliers in the food, mass, drug and convenience value chain. We make it easier for our partners to improve performance and reduce costs through electronic collaboration. We process and remit funds for millions of invoices annually, while providing real-time visibility to store and item level inventory and sales data. Our network includes over 30,000 retail outlets and over 3,000 distributors and manufacturers in all 50 states. For more information please visit http://www.icontroldata.net.