EntrepreneurshipSCHOOL OF BUSINESS

INDIAN RIVER STATE COLLEGE

www.irsc.edu

Professor J. Butler

Professor S. Green

Entrepreneurship: From ice cream to solar panels, these

businesses have found the secret to

crazy-fast growth.

The 10 Fastest-Growing Companies in America in 2017 (see video)

https://www.inc.com/video/top-ten-fastest-growing-companies-in-america.html

The 10 Fastest-Growing Companies in America in 2016 (see manual slide show)

https://www.inc.com/inc-staff/ss/2016-inc5000-fastest-growing-private-companies-united-states.html

Presentation Overview

Part I

Fastest Growing

Companies

Hypergrowth

Characteristics

2016 Top 10

2017 Top 10

Social Entrepreneurs

Part II – Hands-On

Unveiling Hidden

entrepreneurial

opportunities

IRSC is a Power-House

for Entrepreneurship

Training

Conclusion

Hypergrowth

What is it?

Hypergrowth is a term

used for a company

expanding much more

rapidly than normal.

They can be described as

“overnight successes.”

Discussion

Pair & Share

90 seconds

Is ‘overnight success’ a

possibility or a myth?

Inc. 5000 (2016)

Fast-growth companies

What are some

characteristics of

fast-growth companies?

Talk to the person sitting next to you

to make a list.

Inc. 5000 (2016)

Characteristics of fast-growth

companies include:

They rely on team effort.

They’re headed by people who know their line of work.

Headed by people who have started other businesses.

They’re making big bucks.

They’re high tech.

They’re better financed—but not by much.

Their markets aren’t just local.

Inc. 5000 Fast Growth

Start-ups (2016)

He binges on: Pokémon Go, Harry

Potter, & Game of Thrones

COMPANY: Loot Crate

2016 INC. 5000 RANK: #1

YEAR FOUNDED: 2012

2015 REVENUE: $116.2 million

3-YEAR GROWTH: 66,789%

After college graduation, he bounced between startups, ultimately trying to

sell energy snacks to hardcore gamers (one variety: Cashews of Chaos).

"The idea was destined to fail," he says, "but it meant two years learning

about retail, product development, and the consumer space."

Founder: Chris Davis's geek

love is as broad

as it is deep…

Inc. 5000 (2017)

From ice cream to solar panels, these

businesses have found the secret to

crazy-fast growth. (Inc. 5000)

Pictured above: Brad Griffith, CEO

of #3 company Gametime, an app

for last-minute live-event tickets.

Pictured left: Andrew Paradise. 3x Tech company Founder-CEO-

Entrepreneur, and angel investor in

several startups. #1 Company 2017

Inc. 5000 (2017)

Boba Guys Co. Profile

Rank: #19

Growth: 373.3 %

Product: Boba milk tea

shops with locations in

San Francisco & New York

HQ: San Francisco

Employees: 110

Revenue

2016 revenue

$2.94 million

2015 revenue

$1.53 million

2014 revenue

$621,636

Our Story: From Pop-up to a Real Storefront

“As we picked up

momentum and

developed a

stronger point of

view (e.g. high-

quality ingredients,

customer service,

in-house

production), we

started seeing

that our values

transcended

bubble tea…”

Honey from the 'hood’:

A new flow from

Pittsburgh's urban

neighborhoods

An 8-ounce jar of New York

City Rooftop Honey goes for

$15 at the city's Union Square

farm market. The Chicago

Honey Co-op ships honey and

beeswax products packaged

with panache.

City honey finds a

sympathetic market. There's

the incongruity: City bees

produce quality honey,

foraging empty lots, flower

boxes, even cut flowers --

within a couple of miles of

their urban base. Also, urban

beekeepers tend to be

eloquent spokespeople for

the embattled honeybee and

its role in nature's balance.

Christina Neumann owns Apoidea,

a small urban apiary.

The swank honey these days is harvested

from city hives atop buildings in Manhattan's

East Village and Chicago's West Side.

Consider

Social Entrepreneurship

Read more: http://www.post-gazette.com/pg/08206/899003-34.stm#ixzz0SPWSneG0

Unveiling Hidden

Entrepreneurial Opportunities

So you want to be an entrepreneur… But you don’t

have the start-up money

What are the pros and cons of beginning a home based

business?

Team Activity: Make a list of pros and cons of

beginning your business as a home-based business

IRSC is a Power – House for

Entrepreneurship Training!

Born Again Gardens is a highly successful Treasure

Coast company founded by Dennis Grimm, a recent

graduate of Indian River State College. He started the business from home… then grew & grew…

IRSC is a Power – House for

Entrepreneurship Training!

Energetic and motivated, the single mom had

previous work experience in health care but knew she had to polish her business skills and create a business

plan for her new firm.

Pizarro found the education and guidance she was looking for through the

Indian River State College Bachelor’s Degree program

in Organizational Management.

After a series of layoffs,

Sarah Pizarro decided to

open her own health care

business, Ability Home Care.

Unveiling Hidden Entrepreneurial Opportunities

Concept Check Questions

1. Define “hypergrowth” companies, and evaluate the reasons

for their phenomenal rate of growth.

What are the most valid explanations for the rate of success found

in these companies?

2. Many entrepreneurs test the waters of a market by starting a sideline business.

What are the advantages and disadvantages of selling items on Internet auctions like eBay?

Is a person who regularly has 20 or 25 items for sale at any given

time an entrepreneur?

What types of products would be most appropriately sold in this

manner?

IRSC is a Power-House for

Entrepreneurship Training!

Entrepreneurship Spring 2018Location SBM1000

Courses

Meeting

Times

Meeting Days Meet Your

Professor

Fort Pierce

Campus

January 8th

to April 26th

9:30-

10:45am

Mondays &

Wednesdays

Nevins, Ellen

Vero Beach

Campus

January 22nd

to March 5th

5:30-

8:00pm

Mondays Marcelle,

Edith

Stuart

Campus

January 8th

to April 26th

6:35-

9:00pm

Wednesdays Seymour,

James

Virtual

Campus

January 8th

to April 26th

Online Online Capers,

James

(772) 462-IRSC (4772)

IRSC is a Power-House for

Entrepreneurship Training!

School of Business

SBM1000

Contact Information:

772-462-IRSC (4772)

Dan K. Richardson

Entrepreneurial Institute

SBDC

CCTI

Pioneer Incubator

Need Assistance?

Call: 1-888-283-1177Hours of Operation:

Mon. - Fri., 8AM - 5PM.

Questions?.

Get Started TODAY!

Call

(772) 462-IRSC (4772)

And ask for

The School of Business

EntrepreneurshipSCHOOL OF BUSINESS

INDIAN RIVER STATE COLLEGE

www.irsc.edu

Professor J. Butler

Professor S. Green

2017

Top 10

Fast-

Growth Companies

2017

Top 11-20

Fast-

Growth Companies

2017

Top 21-30

Fast-

Growth Companies