Chicago, August 21, 2023 – Cultivate Brands, the business and financial operations advising powerhouse comprised of Cultivate Advisors, Breakwater Accounting, and Performance Platform, was named to the 2023 Inc. 5000, the annual list of the nation’s fastest-growing private companies. Coming in at #2467, it’s Cultivate’s fifth year on the Inc. 5000 due to a three-year revenue growth rate of 222%. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth it requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
“It’s an exciting time at Cultivate Brands as we build on the strong momentum of the past few years,” said Cultivate Advisors Co-Founder and CEO Casey Clark. “Making the Inc. 5000 for the fifth consecutive year would not be possible without our talented team and the trust and support of everyone in the Cultivate Community. But for us, nothing is more rewarding than seeing so many of our clients that we work with daily to scale, grow, and become exit ready right there with us.”
Between 2019 and 2022, Cultivate Brands supported thousands of owners, entrepreneurs, and nonprofit leaders in 160+ industries. Clients that worked with Cultivate for 12 months or more saw an average growth rate of 43% in top-line revenue and 65% in bottom-line profit year-over-year. In that time, the company also launched 3X, a boot camp designed to rapidly accelerate growth for business owners with under $500,000 in revenue; partnered with Capital One, Newity, and the Exit Planning Institute to bring its industry-leading services to their small business communities; and teamed up with the National Association of Women Business Owners, as statistically, only a small percentage of female-owned businesses scale past $1M.
Cultivate Brands continues its rapid growth in 2023. Along with placing in the top half of this year’s Inc. 5000 rankings, it was named to the organization’s 2023 list of Best Workplaces for its “exceptional workplace and company culture.” Casey was also honored with the 2023 Gold Stevie Award for Best Entrepreneur by the American Business Awards for overseeing Cultivate’s “explosive growth,” along with his “commitment to supporting his fellow entrepreneurs” and “creating a positive company culture for his employees.”
“We couldn’t be happier to have Breakwater Accounting as a key part of the Cultivate Brands team as it continues to grow while supporting business owners and nonprofit leaders in their own journeys of success,” said Breakwater Accounting Founder and CEO Lee Podolsky. “Sharing a common mission and collaborative company culture plays an integral role in our continual growth trend. We are blessed to partner with so many inspiring entrepreneurs and change makers as we work to ensure they have financial clarity.”
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000.
About Cultivate Brands
Cultivate Brands is the business and financial operations advising powerhouse that brings together the best-in-class services of Cultivate Advisors’ one-on-one tailored business coaching with Breakwater Accounting’s bookkeeping, payroll, and financial expertise and Performance Platform’s management software that trains, organizes, and drives performance to help businesses and nonprofits scale, grow and become exit ready. With a commitment to strong client relationships and personalized service, organizations that work with Cultivate for 12+ months grow an average of 43% in top-line revenue and 65% in bottom-line profit year-over-year. To learn more about Cultivate Brands, visit: https://cultivate-brands.com/
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
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