Earlier this month, we held our first company hackathon in our new office. It proved to be a great day and a tremendous learning experience for our company and particularly all of the employees who got the chance to participate. I had the opportunity to help facilitate the day’s activities. I thought take a moment to reflect on what I thought was a very successful event.
TeraThink is honored to announce its ranking of #4268 on the 2016 Inc. 5000 List! TeraThink is truly appreciative to be placed on this list for the past 8 years consecutively – a rare and distinguished accomplishment. Click here for more information.
TeraThink Corporation provides technological solutions that help government agencies enhance business processes and increase operational efficiencies. TeraThink has been recognized by Inc. Magazine’s Inc. 5000 list as one of the fastest growing companies in the country—for six consecutive years—and was recently named one of the 2016 Best Places to Work list in Virginia. Paul V. Lombardi, TeraThink’s President and CEO, shares insights about why his company undertook a rebranding initiative 14 years after its incorporation. Read on by clicking here to view the article.
TeraThink is proud to announce that it was recently named #13 on the 2016 Best Places to Work list in Virginia for medium sized employers. The annual list of the Best Places to Work in Virginia was created by Virginia Business and Best Companies Group.
This recognition comes on the heels of being recognized by Inc. Magazine’s Inc. 5000 list as the #2167 fastest growing company in the country. This is the sixth year in a row TeraThink has earned a position on the Inc. 5000 earning an “Honor Role” recognition.
TeraThink is pleased to announce its ranking of #2167 on the 2015 Inc. 5000 List! TeraThink is truly appreciative to be honored on this list for the past 7 years consecutively – a rare and distinguished accomplishment. Click here for more information.
(This is part three of a three part series of articles examining the importance of scaling all aspects of your growing business. Part one and two can be found here: The Importance of Scaling – Part 1 of 3, The Importance of Scaling – Part 2 of 3: People and Culture)
Beyond just the people within your four walls, organizations that scale effectively know how and when to leverage partners. Even if your company has gotten to this point without much outside assistance, that doesn’t mean you need to or should complete your journey alone.
There is tremendous value in tapping the experience and advice from others who have been there before you. Even the biggest companies started out small and had to scale up at some point. Reaching out and learning from those who have already ‘been there, done that’, can save you countless time, money, and effort by entirely avoiding an issue altogether. In her article “5 Things You Must Do to Scale Your Company”, Marla Tabaka illustrates the value of establishing key advisory networks. “When you get into groups and are around mentors and advisors you can address the issues you are facing with people who have experienced a similar set of problems; you sill see things in a different light.” It often takes someone removed from your situation to give a fresh perspective that you were unable to have given your embedded position. Even though you might compete with someone in the future, you will see companies generally want to share success with others, and a different perspective is invaluable.
(This is part two of a three part series of articles examining the importance of scaling all aspects of your growing business. Part one and three can be found here: The Importance of Scaling – Part 1 of 3, The Importance of Scaling – Part 3 of 3: External Partners and Communication)
The people that make up your company are at the heart of every initiative, often ultimately responsible for determining its success or failure. When a company grows and looks to scale its operations, having the right talent focused on building for the long term is critical. A shared sense of purpose amongst employees to grow the company is certainly one aspect to the equation, but the other aspect is having the right people capable of executing that growth. Adding professionals with the necessary experience, background, and relationships/networks can immediately provide a boost to the company’s strategic positioning that may have not been possible without those resources.
(This is part one of a three part series of articles examining the importance of scaling all aspects of your growing business. Part two and three can be found here: The Importance of Scaling – Part 2 of 3: People and Culture, The Importance of Scaling – Part 3 of 3: External Partners and Communication)
While many organizations experience success and growth quickly, few are able to sustain it over time. Immediate success brings new and different challenges: shift in the competitive landscape; increased back-office responsibilities; aggressive business development capture requirements; increased focus on profitability. Small businesses previously accustomed to filling smaller-scale, specialty roles as a supporting teammate, now find themselves leading large-scale pursuits and opportunities that require significant organizational change. You must redefine your value in your company’s new role, shifting attention to areas you may have previously relied on large teammates to provide and ramping up internal operations to support these larger efforts.
Ultimately, the ability to compete, hinges on your ability to scale the core aspects of your business to meet these new demands. In this three part series on Scaling, we consider a number of contributing factors to success at scale, starting first with Planning and Focus.
TeraThink is proud to announce it ranked 18th on the Virginia Chamber of Commerce, Fantastic 50 list. TeraThink has made this list consecutively for three years.
To be eligible, a company must be privately held with headquarters in Virginia, show sales between $200,000 and $100 million, and demonstrate positive revenue growth and positive net income in its most recent fiscal year over the previous year. Companies are judged on four-year sales revenue history. The professional service firm Dixon Hughes Goodman verifies all award entries.
TeraThink is pleased to announce that they have ranked 10th place in The Washington Business Journals Top 50 Fastest Growing Companies 2014. For more information, click here.