While our economy may seem to be in a holding pattern, signs of change are evident in this year's Hot 100 list. Our 9th Annual Hot 100 listing of America's fastest-growing new entrepreneurial companies is compiled with assistance from D&B, the leading provider of global business information and technology solutions. What's changed since last year?
This year's hottest industry is business services: 25 of the 100 companies listed fall into this category. Within business services, a couple of subcategories stand out: There are nine companies providing logistics services (such as freight-handling, trucking and transportation) and six providing marketing and advertising services.
Find out more about the companies that ranked at the top of our Hot 100 list here.
Home-related products and services--from construction to home-improvement products and services--declined from 27 companies last year to 14 this year. Tech businesses have made a slight comeback, up from 13 companies last year to 19 this year. (However, telecom dropped from six companies last year to two this year.) And health care seems to be up-and-coming, growing from two companies last year to five this year.
Speaking of things that are going up, this year's Hot 100 companies reported total sales of $923.5 million for 2002, a sizable increase over $673.7 million for 2001. And while the average 2002 Hot 100 company started with $391,100 in capital, this year's launched with an average of $565,000.
But some things haven't changed: 37 of the companies on this year's list were on last year's Hot 100. In fact, our top company has held the No. 1 seat for the second year in a row.
Read on to see how these sizzling success stories happened--and be sure to click here for a look at our complete listing.