Entrepreneur Plus - Short White
For Subscribers

3 Things That All Successful Companies DoThe important roles of purpose, customer focus, and exceeding customer needs in scaling a business and growing company culture.

ByMisty Frost

Opinions expressed by Entrepreneur contributors are their own.

Riding the arc of success in a growing company's early days feels like a wild adventure, complete with triple-digit growth, big customer wins, and charging toward profitability at rocket speed. Accelerated growth speeds up as companies go through equity events. According toStock Analysis, "There have been 5,093 IPOs between 2000 and 2021. The most were in the year 2020, with a total of 480 IPOs." 2021 looks to be a year to set records, with around 400 companies already completing the IPO process this year by the end of March. Of course, there are many paths to revenue growth, but the IPO process serves as a bellwether for economic growth opportunities.

No matter how an organization funds its growth, as the company matures, there are several factors that determine if the business can scale and keep its customer focus. It seems intuitive, but many businesses can fall into the trap of losing focus on those who fuel revenue, cultural drive, and future growth — their customers.

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Unlimited access, including premium content
  • No ads
  • Subscription to狗万官方magazine
  • Four free e-books a year
  • Subscriber-only events with our experts

Editor's Pick

Related Topics

Leadership

4 Key Indicators It's Time for You to Hire Your First Employees and Stop Doing Everything Alone

Deciding on the perfect timing to make the shift from solopreneur to team leader can be challenging, but there are certain signs of whether you are prepared or not to take the plunge and recruit staff. Take a look and see if you've reached these milestones and if you should start thinking about hiring outside help.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Data & Recovery

Store More With 20TB of Cloud Storage Space, Just $99.99 for Life

Keep more of your data organized in the cloud for a one-time fee.

Business Process

This Department Might Be Holding Your Business Back. Here's How to Change That.

Human resources has become too often disconnected from the bottom line. Here's how to deftly integrate the two to address 21st-century challenges.

Making a Change

Why Jack Canfield's 'Chicken Soup for the Soul' Series Was Originally Rejected

It's not enough to have a dream - you need the motivation to stick it out and achieve it.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.