Gazelle companies are those that grow rapidly, even in times of crisis. These are SMEs with a turnover of less than one million euros and which have managed to grow by more than 20 percent in the last three years.
Requirements to be considered a gazelle company
The profile of a gazelle company is that of an SME generally located in a large city. Another characteristic of this type of company is that they usually have a very small workforce and are internationalized .
The simile with a gazelle is perfect because, like the animal, they are agile, small and run a long way.
It is estimated that there are around 30,000 best Internet and Mobile rates for businesses in Spain. The highest concentration is found in the capital, with 19% of them located in Catalonia, while 16% are located in the capital.
Man walking inside a company
For a company to be considered a gazelle, it is essential that it has panama number data experienced sustained growth over time . This is a determining factor in becoming a paradigm of success, since many companies fall by the wayside by not being able to adapt to a strong pace of business growth. Many studies have shown that gazelle companies not only grow in turnover, but also have more expenses, because they need to continually reinvest their income in increasing the business to continue growing.
Another of the greatest achievements of these companies is that they are able to achieve a balance between sustained growth in business, size and profit . Without reaching the levels of well-known high-performance companies, most gazelle companies achieve a profitability of more than 15%.
The classic idea of a gazelle refers to young companies , between 5 and 10 years old, that start to take off once they have passed the start-up phase. But there are also many veterans among the fastest companies. In these cases, a timely change in the direction of the business and in the management team explains the momentum achieved to grow quickly.
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Another common factor in this type of company is its ability to generate employment in the short term . For many experts, this characteristic has even become the most distinctive of gazelle companies. In some areas, they generate up to 70% of new jobs.