People helping people be successful

Yesterday, the Women Presidents Organization, in partnership with JP Morgan Chase released its 15thannual ranking of the 50 fastest-growing women-owned businesses. We are proud to have made the list this year, ranking 45th, and led by our CEO, Paula Marshall, Bama Companies’ third-generation family owner.

“This year’s 50 Fastest winners are raising the bar for today’s entrepreneurs,” said Thelma Ferguson, Vice Chair of JPMorgan Chase Commercial Banking. “These incredible business owners, and countless others, are scaling new technologies, advancing purposeful missions and creating new pathways to success that will benefit generations to come.”

Some notable trends within the companies on the list are that the amount of honorees that reported doing business globally declined to 62 percent, a year-over-year decline of 4 percent. More than 96 percent of businesses on the list reported that they had returned to pre-pandemic levels or were not affected.

To qualify for the ranking, businesses are required to be privately held, woman-owned or -led, and must have reached annual revenues of at least $500,000 in each of the past five years. Applicants were not required to join or be members of the WPO. All eligible companies were ranked according to a sales growth formula that combines percentage and absolute growth. The top 50 were selected for the list.

More about this year’s 50 Fastest:

  • Average honoree age: 51
  • Average years in business: 18
  • 78% started the business
  • 74% provide telecommuting
  • 70% provide flex time
  • 74% do business with Fortune 1,000 companies

“We are honored to be named amongst all of these great businesses, with amazing women leaders. Our being on this list is a direct reflection of our people and our mission; People Helping People Be Successful With Caring and Accountability,” Bama CEO Paula Marshall said. It’s also a reflection of our unwavering dedication to our Deming principles.”

 

You can read the entire article here: Fifteenth Annual 50 Fastest Growing Women-Owned and -Led Companies Announced

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