Q. What is the Consulting's Fastest Growing Firms?
Q. How are firms ranked on Consulting's Fastest Growing Firms?A. Firms are ranked by their rate of revenue growth between 2019 and 2021.
Q. How is the growth calculated?
[(2021 revenue - 2019 revenue) / 2019 revenue] x 100 = total growth percentage
As an example, if 2019 revenue was $2 million and 2021 revenue is $8 million:
$8 million - $2 million = $6 million
6 million / 2 million = 3 x 100 = 300
The growth rate is 300 percent.
Q. Define revenueA. Revenues should be exclusively related to management consulting and IT consulting services.
Q. Does my company have to be profitable to be eligible?A. We calculate revenue growth and don’t consider profitability.
Q. My company is majority or wholly owned by venture capital firm, private equity firm, or an investment bank. Is it eligible?A. Yes.
Q. May I submit revenue figures based on cash accounting?A. No. Consulting Magazine requires that all revenue figures (for both 2019 and 2021) be converted using accrual accounting. To convert cash figures to accrual figures, start with cash receipts, subtract the beginning accounts receivable, and add ending accounts receivable.
Q. My company is a franchisor. Should I submit the total sales of all of our franchises?A. No. Franchisors should only report the fees that come to the parent company, plus total sales from any stores owned by the parent company.
Q. Why should I apply?
Media exposure via national, local, and industry/trade outlets
Editorial coverage in Consulting magazine
Personal validation for your employees
Public acknowledgment for company-wide success
Q: What if you do not have a final revenue figure?
Should there be any additional questions to verify growth rates, you may be asked to submit additional documentation, such as a CPA letter or corporate tax return.
Q. How are companies ranked on Consulting magazine's Fastest Growing Firms?
Q. Is there a fee to apply for Consulting magazine's Fastest Growing Firms?
Q. Does Consulting Magazine require me to document the revenue figures I supply in my application?
Q. My firm represents other companies for matters like this. May I apply on their behalf?
Q. How will winners be notified?
Q. What information will be published if my company is one of Consulting Magazine's Fastest Growing Firms?
Q. Right now, I'm not sure whether I want my company to be included in Consulting's Fastest Growing Firms. Can I apply now and withdraw my application later?A. We allow applicants to withdraw from the ranking any time before the July 2020\2 deadline. Unfortunately, your application fee is non-refundable.
Consulting Magazine is owned by ALM and therefore all correspondence relating to these events will come from an alm.com email address. Please disregard any offers from alternative companies claiming to be affiliated with these awards as they are unauthorized and not endorsed by this brand.