Where Have All Of The Entrepreneurs Gone?

Posted on September 1, 2010

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According to the Birmingham Business Journal, South Cypress, an e-retailer of flooring, is the only Birmingham-based firm to place in Inc. magazine’s top 500 list of entrepreneurs. (The list ranks “the 500 fastest growing private companies” by measuring “the highest percentage revenue growth across three years.”)

South Cypress came in at #360, and Montgomery-based eSolution Architects ranked #235. In the list of the country’s 5,000 fastest-growing companies, Biohorizons, Inc., Cayenne Creative Group, Hoffman Media, Bradley Arant Boult Cummings, Employment Screening Services and Entec Services (all of Birmingham) made the cut.

While this is good news for South Cypress, the rankings hardly bode well for the rest of Birmingham’s entrepreneurial community. It is also tempting to blame the recession, but the list measures growth over three years, and according to the Journal, this year’s “median three-year growth was 1,231 percent, substantially up from last year’s 880.5 percent.” Inc. also chose to keep the list at 500, a sign it does not feel a need to adjust its rankings because of the current economic climate.

Birmingham must foster greater start-up success, and the question remains how to best go about encouraging business growth in our city.

Mike Goodrich
Goodrich Firm, LLC

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