Q. What is the Consulting's Fastest Growing Firms?
A. Consulting's Fastest Growing Firms recognizes the fastest-growing consulting firms in the world, of any size and from any sector.
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. 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?
A. The equation for growth percentage is:
[(2021 revenue - 2019 revenue) / 2019 revenue] x 100 = total growth percentage
[(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 revenue
A. 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?
A. There are many benefits of being recognized as one of Consulting's Fastest Growing Firms. Some of the benefits are:
Visibility
Visibility
National, local, and industry recognition
Media exposure via national, local, and industry/trade outlets
Editorial coverage in Consulting magazine
Morale
Personal validation for your employees
Public acknowledgment for company-wide success
Media exposure via national, local, and industry/trade outlets
Editorial coverage in Consulting magazine
Morale
Personal validation for your employees
Public acknowledgment for company-wide success
Q: What if you do not have a final revenue figure?
If you do not have a final figure for your 2021 revenue when you apply, you may enter an estimate and provide us with the more precise figure before the July 2022 deadline.
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.
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?
A. Firms are ranked according to the percentage growth of their annual revenue over a 36-month period (from December 31 2019 to December 31 2021).
Q. Is there a fee to apply for Consulting magazine's Fastest Growing Firms?
A. Yes. The fee is $699. You must pay the entry fee AND submit your nomination. These are 2 separate forms that will BOTH need to be completed.
Q. Does Consulting Magazine require me to document the revenue figures I supply in my application?
A. Yes. To ensure the integrity and credibility of the list, we ask that all applicants certify their revenue by checking the box on the "Firm Size, Revenue and Verification" page of the application. 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. My firm represents other companies for matters like this. May I apply on their behalf?
A. Absolutely.
Q. How will winners be notified?
A. We will begin to notify winners after the nomination period closes (July 1, 2022). The list will be released late August, with the ranked positions revealed at the awards dinner on October 13. Editorial coverage will be available online post event.
Q. What information will be published if my company is one of Consulting Magazine's Fastest Growing Firms?
A. Consulting Magazine will publish a (brief) profile of your company along with your firm's website, social media, ranking, 3-year growth rate, firm size and location.
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.Solely in connection with the project currently entitled “Consulting’s Fastest Growing Firms” (the “Project”), [participating entrant] (the “Firm”) hereby authorizes ALM to reproduce, distribute, exhibit and otherwise use or authorize the use of any data and/or information submitted by Firm for the Project (the “Data”), or any portion thereof, an unlimited number of times in perpetuity, for educational and/or commercial purposes, at any time or in any format, print or electronic media, or in any other media now known or later developed. Firm further grants to ALM the right to use Firm’s name, logo, and/or relevant Data in connection with the Project, including, but not limited, for the purpose of advertising and promoting the Project.
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.