The vital entrepreneur: high impact at its best
High-impact entrepreneurs: the ripple effect
According to a 2012 Endeavor report, in a single year, the average high-impact entrepreneur will generate 30 more jobs than the average comparable company. At EY, we have had the privilege of getting to know entrepreneurs like these.
We’ve met, honored and been inspired by them during the more than 27 years of the EY Entrepreneur Of The Year™ Awards. In fact, our 2013 finalists are what you might call “super-impact” — surpassing the benchmarks for high impact by a large margin.
In good times and bad, we can always depend on high-impact entrepreneurs to help energize our economy and infuse it with resilience, stability, discipline and long-term growth.
The capital markets need them. The economy needs them. And most of all, our communities need them. Our Entrepreneur Of The Year 2013 finalists exemplify the best traits of these high-impact entrepreneurs, brimming with vitality and new ideas.
To create and maintain economically stable communities, it takes a diverse blend of high-impact entrepreneurs. Analysis of our 2013 finalists clearly shows the unique strengths that private, public, family, sponsor-backed and women-led companies provide.
“When you get to know some of the best entrepreneurs on planet Earth, you develop a healthy respect for courage, vision, insight and perseverance. These qualities are evident in the high-impact entrepreneurs we honor annually in the EY Entrepreneur Of The Year™ Awards.”
— Herb Engert, EY Americas Leader, Strategic Growth Markets
Private companies operate with a freedom that encourages innovation and expansion, while public companies’ operational rigor helps them to remain disciplined and focused.
The strength of public companies is their ready access to capital and the discipline and focus that must accompany having publicly traded securities.
Venture capital-backed firms are the innovators and disruptors that are creating the future, and private equity-backed companies are in a partnership to promote growth. Private equity helps entrepreneurs establish stronger companies, with more aggressive growth strategies, access to a wider range of capital and other advantages.
Family businesses add their stability and resilience to the mix, and women-owned companies are making their mark in transforming industries from retail and consumer products to technology and health care.
In this report, we examine the various success factors of outperformance, including how high-impact entrepreneurs differ from one another and how they operate, grow and compete. Illuminating these differences should help us all understand more about what it takes to grow a truly high-performing company.