Working with Gazelles
The term "Gazelle Company" has been around for more than 30 years. These businesses, marked out by their rapid, sustained growth in revenue and jobs, have never been more important than now.
Gazelles come in all shapes and sizes, in every market and sector and can be any age. If your company fits the description, or is about to, then our law firm wants to work with you.
The success of a gazelle company depends upon the entrepreneur behind it. In other words – you.
Running a gazelle company can be enormously exhilarating. But it can also be a lonely and stressful task (not to mention extremely hard work) to maintain 20% growth year on year. To maintain momentum it is important to take support from a team of external, professional experts. A key player in that team is your business solicitor.
We are a gazelle company. For the third year running we increased our annual turnover. To the year ended 30 April 2013 we achieved growth of 39%. This year we are on target for at least 30% growth. We understand the ambitions of a gazelle company but know the pain and challenges.
Back in the mid-80s a US economist, David Birch, divided corporate America into three basic categories. At one end of the scale he placed family firms, local shops and other "Main Street" businesses. These he called "mice".
At the other end of the scale he placed the corporations that make up the Fortune 500 which he called "elephants" because of their sheer size and power.
Somewhere between these extremes, Birch identified a group of companies that showed very rapid growth in their revenues and, as a result, the number of people they were hiring. He called them "gazelles" – animals that run very fast and jump very high!
Birch defined a gazelle as a company with annual revenues of at least $100,000 (about £60,000) that consistently increases those revenues by at least 20% a year – in other words a company that doubles its money in 4 years or less.