How To Become a Fortune 500
Posted by Tollfreenumber.ORG at November 21st, 2014
Everyone with dreams of starting their own business also dreams of having that business succeed. In general, the bigger the better; although that can be a long way off when you’re just beginning. It may come as a surprise that many people don’t even know what it means to be a Fortune 500 company. Of the people we surveyed, some thought it was companies that were household names, others thought it was the top worldwide brands, and some guessed it was companies that made more than 500k annually. We don’t want to disappoint anyone but… A Fortune 500 company is defined as the top 500 money making companies in the US. And if you want to be one, your company will have to make over $4 billion; this year at least. But don’t fret! Everyone has to start somewhere and we want to shed some light on how to make it big:
Don’t underestimate yourself: Here’s where the age old adage of ‘working hard’ really comes through. Your business is your specialty. Do it well and spend a lot of time perfecting what you do and how to improve what you do. Don’t stop working to be better.
Change, as needed: Surely you have noticed how products and companies tend to change over the years… Your favorite cereal box as a child has probably done a 180 by adulthood and, several generations later your favorite cereal maker may have started manufacturing kitchen appliances instead of cereal! You have to be willing to change as your customer base, technology, and world changes. And you’ll also need to have enough sense to know when not to change, and even to change back when necessary – think #Throwback branding.
Keep reaching higher: The business model for most companies involves growing more and more each year; at any cost. While you will need and want to grow your business, you should do so responsibly. That means don’t be afraid to start small and build little by little. Once you reach a point of growing really big really fast, you’ll have to keep growing at that same rate if you want to keep up the momentum; which is where companies start to see their downfall.
Long story short, all businesses have to start somewhere. Don’t think that just because you aren’t starting with a ton of money from investors (or granddad) that you can’t grow your business large over time. Build it well and they will come.
To learn more about how a toll free number can help your business, visit https://tollfreenumber.org/toll-free-ebook/ to purchase your eCopy of the Toll-Free Numbers that Boost Business eBook today! It is the definitive guide to making money and boosting your marketing power with a business toll free number.
You may also visit the website or call 1-800-951-9411 to purchase a toll free number service.
Category: Companies