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Good business planning pays off for New Jersey companies

Several New Jersey companies have been listed by Inc. magazine as part of their 5,000 fastest growing companies in the nation. The basis for the list is each company's revenue growth since 2008. The business planning of these companies has allowed them to experience growth in a recession.

The New Jersey companies that made the list range from a health care website to a bank and everything in between. New Jersey's number one company, which was number 47 on the list, is called Vitals. Vitals puts together patients with doctors. Since 2008, they have added approximately 75 employees and their revenues have grown 4,637%.

Vitals has made Inc. magazine's list two years in a row, and according to its CEO, Vitals will make it again next year. Vitals' CEO says that making a list like this serves to motivate the company since it is an affirmation that what they are doing is working. Companies that achieve this kind of recognition may also serve to motive other companies in New Jersey to excel.

In order to excel at any business, especially in this economic climate, a company has to do a lot of business planning. Taking a vision and making it reality isn't always easy. Once a company determines the path it wants to take, it may want to hash out all of the issues that the company may encounter along the way. Once the issues are identified, making sure that each one is accounted and planned for is important. Having the right advice and help in dealing with business and legal issues may give a company the tools and chance it needs to succeed.

Source: NorthJersey.com, "NJ firms rank among nation's fastest growing," Joan Verdon, Aug. 24, 2012

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