Inc. (magazine)

Last updated

Inc.
Inc. (business magazine) logo.svg
Inc Magazine September 2023 cover.jpg
September 2023 issue of Inc.
EditorScott Omelianuk
CategoriesBusiness
Frequency6 times per year [1]
Total circulation
(June 2019)
653,189 [2]
First issueApril 1979;45 years ago (1979-04)
Company Mansueto Ventures, LLC
Country United States
Based in New York City, New York, U.S.
LanguageEnglish
Website www.inc.com OOjs UI icon edit-ltr-progressive.svg
ISSN 0162-8968

Inc. is an American business magazine founded in 1979 and based in New York City. [3] [4] The magazine publishes six issues per year, along with surrounding online and social media content. The magazine also produces several live and virtual events yearly. [5]

Contents

Published by Mansueto Ventures, Inc. is best known for its annual rankings of the fastest-growing privately held companies in the United States, called the "Inc. 500" and "Inc. 5000". [6]

History

Early years

Inc. was founded in Boston by Bernie Goldhirsh, and its first issue appeared in April 1979.The magazine was headquartered in Boston's waterfront on the India Wharf and relocated to NYC in the early 2000s. [7] Goldhirsh was an MIT-trained mechanical engineer who founded Sail magazine, [6] which he sold for $10 million in 1980. [6] Paul W. Kellam, who had joined Goldhirsh's company as editor of Marine Business, was one of Inc.'s first editors. [8] Goldhirsh kept a low profile, and George Gendron, who served as editor-in-chief from 1980 to 2002, was considered the "public face" of the magazine.

In October 1981, Inc. became the first magazine to feature Steve Jobs on its cover, alongside the proclamation, "This man has changed business forever." [9]

In 1982, the magazine began publishing its Inc. 100 ranking, which showcases the fastest-growing privately held companies in the United States, which later became Inc. 500. [10]

In 2000, Goldhirsh sold the magazine to German publishing house Gruner + Jahr [11] for a reported price of over $200 million. [8] In 2005, Joe Mansueto, founder of investment research firm Morningstar Ventures, bought Inc. and another business title, Fast Company , for about $35 million, forming publishing company Mansueto Ventures. [4]

In 2007, the magazine's Inc. 500 list was expanded to the Inc. 5000 to include more fast-growing companies. [12] [13]

2010–2020

In December 2013, Eric Schurenberg was appointed president and editor-in-chief of Inc., [10] replacing the long-tenured Jane Berentson. In March 2018, Schurenberg was appointed CEO of Mansueto Ventures, and Ledbetter was promoted to editor-in-chief of Inc. [11]

Its current editor-in-chief is Scott Omelianuk, former editor-in-chief of This Old House magazine. He succeeded James Ledbetter in early 2020. [4] [12]

In 2015, the Inc. 5000 Europe ranking was published. [14] [15] [16]

Inc. Uncensored podcast won the 2016 and 2017 min's Best of the Web Awards for Best Podcast, along with a 2018 Folio: Eddie & Ozzie Award honorable mention. [15]

Inc. received multiple Folio awards in 2017 and 2018, including honors for full-print issues, best redesign, use of video, and use of social media. [15] Its 2016 feature, "The Stealthy Sales Kings of Amazon", won a Best in Business award from the Society for Advancing Business Writing and Editing. [16]

Operations

Inc. is owned by Mansueto Ventures, Joe Mansueto's company, which also owns Fast Company. [17]

Inc. focuses on entrepreneurship, startups, small businesses, and business growth. It provides insights, advice, special reports, and resources for business owners, entrepreneurs, and professionals in building their companies, as well as daily news on money, tech, and management. [18]

It publishes books under the imprint An Inc. Original in partnership with Greenleaf Book Group. [14]

Inc. produces a weekly, award-winning podcast called Inc. Uncensored, where Inc. journalists discuss startups, technology, market and industry trends, and more. The podcast has released hundreds of episodes and won the 2016 and 2017 min's Best of the Web Awards for Best Podcast, along with a 2018 Folio: Eddie & Ozzie Award honorable mention. [15]

Inc.'s office is at 7 World Trade Center in New York City. [10]

The magazine hosts several events, including the annual Inc. 5000 Conference & Awards Ceremony, which celebrates the Inc. 5000 and allows honorees, alumni, and other growth-minded entrepreneurs to learn and network. [19] [20]

As of 2023, Inc. has 8 recognition programs: Inc. Best Workplaces, Inc. Best in Business, Inc. Regionals, Inc. Founder-Friendly Investors, Inc. Female Founders, Inc. Power Partners, Ignition Schools and Inc. 5000. Inc. Best Workplaces is an annual list compiled by Inc. magazine that recognizes US companies with exceptional workplace cultures. These rankings are based on aspects such as company culture, employee benefits, professional development opportunities, work-life balance, and overall employee satisfaction. It highlights organizations that prioritize their employees' well-being and foster a positive work culture. [21] [22] The magazine also presents an annual Inc. Best in Business Award to the companies that have made an extraordinary impact in their fields and on society in the past 12 months. The winners are selected from a wide array of categories. Inc.’s editors assess the impact a company has achieved over the year, both in its industry and on a social level. Honorees chosen by Inc. appear in its Winter issue and featured on the Inc. website. [23] [24] Inc. Regionals is an extension of the Inc. 5000 and rankings of the fastest-growing companies in a particular region of the US: Pacific, Southeast, Northeast, Southwest, Midwest and Mid-Atlantic. [25] Inc. Founder-Friendly Investors is a published list of founder-friendly private equity firms and venture capital firms in America. Inc. Female Founders list recognizes women entrepreneurs. Inc. Power Partners recognizes the companies in the B2B field, and Ignition Schools is devoted to academic institutions, universities, and colleges.

Editors-in-chief

Inc. 500

In April 1979, the inaugural issue of Inc. featured the 'Inc. 100,' a list of the fastest-growing, publicly held small companies. By 1982, this list had expanded to the 'Inc. 500,' ranking companies based on their overall revenue growth over a three-year period. The top 500 companies are featured in the September issue of Inc. magazine each year, highlighting their significant growth and achievements in the private sector of the United States. [29] [30] [31]

Inc. 5000

Inc. 5000 was first presented in 2007, expanding the Inc. 500. It lists the 5,000 fastest-growing private companies in the U.S. This list ranks these companies based on their revenue growth rate, defining revenue as gross revenue minus returns and allowances, excluding the cost of goods sold. It categorizes the fastest-growing companies by industry, metro area, revenue, and number of employees, with special highlights for women and minority-run businesses. [10]

To be eligible, privately owned companies must demonstrate three years of revenue growth. Once included in the Inc. 5000, these companies are invited to a three-day Inc. conference. While all 5,000 companies are profiled on Inc.com, only the top 500 gain the spotlight in the September issue of Inc. magazine. [10]

See also

Related Research Articles

<i>Entrepreneur</i> (magazine) American magazine and website

Entrepreneur is an American magazine and website that carries news stories about entrepreneurship, small business management, and business. First published in 1977. it is published by Entrepreneur Media Inc., headquartered in Irvine, California. The magazine publishes 10 issues annually, available through subscription and on newsstands. It has been published under license internationally in Mexico, Russia, India, Hungary, the Philippines, South Africa, and others. Its editor-in-chief is Jason Feifer and its owner is Peter Shea.

<span class="mw-page-title-main">Heritage Internet Technologies</span> Web Hosting and Design Company

Heritage Internet Technologies was a web design and web hosting company located in Provo, Utah and founded in 2001 which specialized in creating custom websites for small and medium-sized businesses. According to Inc.com's Inc. 5000, in 2007 it was the fastest growing company in Utah, the 3rd fastest growing IT company in the United States, and the 22nd fastest growing company overall. The company was ranked 392nd for 2008 in the Inc. 500 list, and 49th in the list of top 100 IT companies.

Fishbowl is an Orem, Utah-based software company that develops and publishes inventory management software and related software.

Secureworks Inc. is an American cybersecurity company. The company has approximately 4,000 customers in more than 50 countries, ranging from Fortune 100 companies to mid-sized businesses in a variety of industries.

Merchandize Liquidators, LLC, is an American wholesale liquidator and distributor in the closeouts industry. Working with manufacturers and department stores, the company specializes in buying all available overstock merchandise. The company works on bringing products from Macy’s, Sears, CVS and other major US retailers, to the secondary markets. The company also sells new, overstock, surplus, used and salvaged goods. Clients include retailers, eBay sellers, Flea Market vendors, and jobbers. Merchandize Liquidators was cited by Inc. Magazine as one of the fastest-growing companies in the US in 2012 2011 and 2010.

<span class="mw-page-title-main">Act-On</span> American software company

Act-On Software is a software-as-a-service product for marketing automation. The company is headquartered in Portland, Oregon and was founded in 2008, originally retailing its software exclusively through Cisco, which provided $2 million in funding.

<span class="mw-page-title-main">Deluxe Marketing</span>

Deluxe Marketing Inc. (DMI) is a private company that offers management-consulting services. Deluxe Marketing Inc. is known for focusing on direct, in-person marketing strategies. The company was named one of the fastest-growing private companies in Silicon Valley. Inc. magazine ranked the company as one of the fastest-growing businesses in the United States in 2010, 2011, and 2012. Jeremy Larson founded the company in 2003.

Paycom Software, Inc., known simply as Paycom, is an American online payroll and human resource software provider based in Oklahoma City, Oklahoma with offices throughout the United States. It is attributed with being one of the first fully online payroll providers. It has been recognized by Fortune and Forbes as one of the fastest-growing publicly traded companies in the world, and as one of the World's Most Innovative Enterprise Companies by Fast Company in 2022. Founded in 1998, it reported annual revenue of $1.375 billion for 2022, up from $1.06 billion for 2021.

<span class="mw-page-title-main">PureWow</span> American womens lifestyle website

PureWow is an American digital media company that publishes women's lifestyle content. Acquired by Gary Vaynerchuk in 2017 as part of Gallery Media Group, PureWow tailors lifestyle topics for Millennials and Generation X, including fashion, beauty, home decor, recipes, entertainment, travel, technology, literature, wellness and money.

Vacasa, Inc. is an international vacation rental management company based in Portland, Oregon. It provides property management services for over 35,000 vacation rentals in North America, Belize, and Costa Rica. Vacasa manages properties in 34 U.S. states.

Skillz is an online mobile multiplayer video game competition platform that is integrated into a number of iOS and Android games. The Skillz platform helps developers create franchises by enabling social competition in their games. Skillz has over 14,000 game developers who launched a game integration on the platform. Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide.

Robert Jakobi is a Food entrepreneur. He is the former Managing Director and Co Owner of Metcalfe's Food Company, which was founded by Julian Metcalfe in 2009.

<span class="mw-page-title-main">Eli Ostreicher</span> American businessman (1983–2023)

Eli Ostreicher was a British-born American serial entrepreneur based in New York City. He was the founder and active CEO of GTTFP Holdings, originally a B2B luxury air-travel provider and Inc. 500 #1 awardee in the United States. GTTFP Holdings now houses Regal Wings, The Regal Card, Regal Jets, Luxury Wholesale Flights, One Bag Tag, VVandr, SHARGE, ThermBot, PillBot; a total of 11 brands.

Christopher Hurn is an American writer, entrepreneur, and business executive who works primarily in the field of small business lending. He is the founder and CEO of Fountainhead, a company that provides commercial real estate financing and growth capital for small business owners. He previously founded Mercantile Capital Corporation, a financier of owner-occupied commercial real estate and an Inc. 500 company. He served as CEO of that company prior to leaving in late 2014 to launch Fountainhead.

<span class="mw-page-title-main">Justin's</span> American foods brand

Justin's is an American brand of natural and organic nut butters and peanut butter cups. The Boulder-based company manufactures and markets jars and single-serve squeeze packs of nut butter, along with various kinds of organic peanut butter cups. Justin's peanut butter cups are USDA-certified organic and use Rainforest Alliance Certified cocoa. Both the peanut butter cups and nut butters are distributed through stores such as Whole Foods Market, Sprouts Farmers Market, Starbucks, and Target in the United States.

<span class="mw-page-title-main">Panos Panay (music executive)</span> Entrepreneur

Panos Andreas Panay is a Cyprus-born entrepreneur, executive and author. Panay currently holds the post of President of the Recording Academy alongside CEO Harvey Mason Jr. Previously he was the Senior Vice President of Global Strategy & Innovation at Berklee College of Music. He founded Berklee Institute for Creative Entrepreneurship, and founded the online platform Sonicbids, which was later acquired by Backstage Magazine. Panay is a Fellow at MIT Connection Science at the MIT Media Lab, and also founded the Open Music Initiative.

<span class="mw-page-title-main">Scoro</span> Software company

Scoro is a software-as-a-service solution for professional and creative services. The all-in-one business management software combines project management with time and team management, sales, billing, and professional services automation. The company has offices in London, New York, Tallinn, Riga, and Vilnius.

SuperMoney is an online financial comparison platform that helps consumers evaluate financial services. It is headquartered in Santa Ana, California.

ActivTrak is an American company that produces workforce analytics and productivity software. The company was founded in 2009 by Birch Grove Software and is headquartered in Austin, Texas.

<span class="mw-page-title-main">Jason Wilk</span> American entrepreneur (born 1985)

Jason Wilk is an American entrepreneur and the founder and CEO of Dave, a publicly traded financial services company on NASDAQ. He grew up in Los Angeles, California. Wilk created several small businesses before selling a video advertising network called AllScreen for $85 million in 2015. That gave him the money to start Dave, a digital banking upstart that works off of tips and subscription fees rather than overdraft fees. Over the years, Dave has grown to more than 10 million users and went public in January, 2022 at a valuation close to $4 billon.

References

  1. "How many issues does Inc. publish a year?". Inc. Retrieved June 5, 2022.
  2. ""Consumer Magazines"--Alliance for Audited Media". June 30, 2019. Archived from the original on September 17, 2019. Retrieved September 17, 2019.
  3. "Trends in the Market for Entrepreneurship Faculty, 1989–1998". ResearchGate. Retrieved September 11, 2019.
  4. 1 2 3 Haughney, Christine (November 30, 2014). "Long Overshadowed in Realm of Business Magazines, Inc. Grabs the Spotlight". The New York Times. ISSN   0362-4331 . Retrieved December 6, 2023.
  5. "How Fast Company and Inc. became more than magazine titles". Media Makers Meet | What's new in media. October 8, 2019. Retrieved December 6, 2023.
  6. 1 2 3 Delbridge, Emily (November 21, 2019). "The 8 Best Business Magazines of 2020". The Balance Small Business. New York City: Dotdash. Best for Startups: Inc. Retrieved February 8, 2020.
  7. "Entrepreneurship Education Chronology – eWeb: Entrepreneurship Education Resources by Jerome Katz". sites.google.com. Archived from the original on March 1, 2021. Retrieved September 11, 2019.
  8. 1 2 "Do the Right Thing – Los Angeles Times". Los Angeles Times . March 13, 2007. Archived from the original on March 13, 2007. Retrieved September 11, 2019.
  9. Isaacson, Walter (2011). Steve Jobs. New York: Simon & Schuster. pp.  106. ISBN   978-1451648539.
  10. 1 2 3 4 5 "Inc. Turns 35 Under Editor Jim Ledbetter". Observer. October 2, 2014. Retrieved December 6, 2023.
  11. 1 2 "Boston Business Forward – August 2001 – Reversal of Misfortune". March 10, 2002. Archived from the original on March 10, 2002. Retrieved September 11, 2019.
  12. 1 2 Melloan, Jim (2007). "Introducing the Inc. 5,000That's the Inc. 500 plus 4,500 new fast-growing companies". Inc. Retrieved December 6, 2023.
  13. admin (August 28, 2007). "Fast (growing) company | The Journal Record" . Retrieved December 6, 2023.
  14. 1 2 "Top 7 Fastest Growing Companies in Europe | The Enterprise World". April 28, 2020. Retrieved December 6, 2023.
  15. 1 2 3 4 Vizbarienė, Rūta. ""Inc. 5000 Europe 2017" reitinge – dešimtys Lietuvos įmonių". vz.lt (in Lithuanian). Retrieved December 6, 2023.
  16. 1 2 "Oto 6 najlepszych europejskich miast dla powstających biznesów. Jest i Kraków [GALERIA]". forsal.pl (in Polish). March 26, 2018. Retrieved December 6, 2023.
  17. Saphir, Ann (2009). "Morningstar's Mansueto could be BusinessWeek bidder". Chicago Business. Retrieved December 6, 2023.
  18. "The 8 Best Business Magazines". LiveAbout. Retrieved December 6, 2023.
  19. "Inc. 5000 Conference & Awards Ceremony". Seneca Women. October 17, 2018. Retrieved December 6, 2023.
  20. "Inc. 500|5000 Conference & Awards Ceremony". Empower Lounge. Retrieved December 6, 2023.
  21. Aspan, Maria (February 12, 2019). Startup Money Made Easy: The Inc. Guide to Every Financial Question About Starting, Running, and Growing Your Business. AMACOM. ISBN   978-1-4002-1225-5.
  22. Innovates, Dallas; Seeley, David (May 9, 2023). "16 North Texas Companies Make Inc.'s 2023 Best Workplaces List". Dallas Innovates. Retrieved December 6, 2023.
  23. "Inc. Best in Business". incbestinbusiness.secure-platform.com. Retrieved December 6, 2023.
  24. Kingsley, Ryan (July 31, 2023). "Inc. Best in Business Awards: Top Companies Honored" . Retrieved December 6, 2023.
  25. Weiland, Andrew (March 3, 2023). "Nine Wisconsin businesses make Inc. magazine's list of fastest-growing Midwest companies". BizTimes – Milwaukee Business News. Retrieved December 6, 2023.
  26. "John Koten named editor of Inc magazine". Boston Business Journal . September 9, 2002. Archived from the original on May 22, 2004. Retrieved August 23, 2024.
  27. Development, PodBean. "Inc. Editor-in-Chief Scott Omelianuk on how 2020 has changed the magazine | Media Voices Podcast". mediavoices.podbean.com. Retrieved December 6, 2023.
  28. "Scott Omelianuk, Editor In Chief, Inc. To Samir "Mr. Magazine™" Husni: "We Have This Audience That Still Sees Value In Print; Still Sees Value In Being On The Cover." The Mr. Magazine™ Interview…". Mr. Magazine. March 30, 2021. Retrieved December 6, 2023.
  29. Bhasin, Kim. "INFOGRAPHIC: A Day In The Life Of An Inc 500 CEO". Business Insider. Retrieved December 6, 2023.
  30. "3 Big Strategies Your Startup Can Steal from Inc. 500 CEOs". Startup Grind. Retrieved December 6, 2023.
  31. Reyes, Juliana (October 16, 2012). "Inc. 500 list 1982–2010: Philly lags behind its suburbs in fast-growth companies [Interactive Map]". Technical.ly. Retrieved December 6, 2023.