Teguar Corporation has placed #3719 on a very competitive 2019 Inc. 5000 list. This was done in a way that is not common.
CHARLOTTE, N.C. (PRWEB) August 14, 2019 -- Teguar Corporation has claimed the #3719 position on the Inc. 5000 list of fastest growing private companies in America. This list has long-been established as a mark of success for some of Americas top companies and has famously been occupied by household brands including LinkedIn, Dell, and Oracle. Teguar made the list in 2015, 2016 and 2017. This year, Teguar secured a spot on the list for a fourth time with a 92% growth rate over the past three years.
Making the 2019 list is a big accomplishment and Teguar has accomplished this in a unique way. “The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. Editor in Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.” The 2019 Inc. 5000 list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454%, and a median rate of 157%. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
When asked about what factors contributed to making the 2019 list, Jonathan Staub, Teguar’s Founder and CEO listed a focus on growth, having a passionate team that works hard, providing excellent customer service, topnotch products, and having competitive pricing. While these things are all growth drivers, they are not what make Teguar’s success remarkable.
Teguar has “bootstrapped” their business from $0 in 2010 to over $11 million in 2018 - having taken no outside investment, ever. Throughout the past nine years, Teguar has maintained a positive cashflow while increasing market share. Among Teguar’s peers and within the start-up world, it is common-place to read headlines such as “company raised 3 million in a round of funding from angel investors” or “company tripled in size and raised 7 million.” While gaining outside investment is a huge boon to most businesses, it also can be high-risk. This is not a path Staub has chosen to take. Teguar has been a bootstrapped endeavor through and through, coming in profitable year-over-year without acquiring any debt.
Typically, start-ups have the pressure to achieve promised returns to investors. Teguar hasn’t had that outside pressure, but true to start-up culture, the company faces an ongoing drive to prove itself and become an established player in the industry. These internal drivers have equaled a force typically created from outside pressure.
The vast majority of Teguar’s original employees who started in the company’s first few years are still present, which speaks to a tight-knit core that has been able to adapt to massive change and drive growth. Alexander Daskalow, eight-year employee and Teguar Chief of Operations maintains, “When you work at Teguar you get used to crushing through ceilings that previously seemed unreachable. Receiving external validation such as the Inc. 5000 award can serve as a welcome reminder to give ourselves a collective pat on the back for things accomplished.”
For all of Teguar’s existence, intense growth mode has been the day-to-day. Accelerated change demands quick decision making. When asked about the biggest shifts that have taken place over the past ten years, Staub said he has enjoyed watching “a young management team without much experience in managing (including me), growing together with the company in leading teams and individuals to achieve crazy goals!” Teguar Sales Manager, Jacob Valdez, commented, “I think the biggest success factor is the great team we have in place from top to bottom. We have worked hard since the beginning to establish a culture which values teamwork and purposeful communication.”
After nearly ten years in existence, Teguar may no longer be considered a start-up, but is committed to keeping the best of “start-up culture,” while adopting tried and true practices for sustainable growth. This means focused effort on key transitions within each department. Teguar is currently in the middle of launching a new ERP system, upgrading marketing technology platforms, restructuring Support and Sales Departments, as well as securing architectural plans for a new facility, planned for early 2021. Teguar hopes this planned growth and other future initiatives will secure the company’s spot on the Inc. 5000 list for a fifth year.
About Teguar Corporation
Founded in 2010 and Headquartered in Charlotte, NC, Teguar is a leading manufacturer of industrial and medical grade computer solutions. All of Teguar’s computers are built with industrial-grade components to ensure reliable, 24/7 operation. Designed for continuous use in the toughest environments, Teguar computers have application specific features like fanless cooling systems, bacteria resistant coatings, IP/NEMA rated waterproof housings, and extended operating temperature ranges. The use of high-quality and embedded components results in a lower total cost of ownership and a faster return on investment. Teguar is an ISO 9001:2015 certified company.
Inc 5000 Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.- based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at https://www.inc.com/inc5000/2019/top-private-companies-2019-inc5000.html
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