HOUSTON, TX – October 31, 2019 –Making profits is the goal of every young business—or is it? 2019 has seen a record number of companies having successful IPOs before ever reaching profitability.
Investors haven’t gone mad; quite the opposite, in fact. The value of a stock has never really been about current profits—for young companies it’s always been about the future. Investors are betting that these young companies are poised for greater things.
Few remember that Amazon was a money-losing bookseller when it went public in 1997. It lost money—lots of money—until 2003. Smart investors held on, seeing huge potential in the volume the company could achieve. Now Amazon is not only profitable, it’s one of the highest-valued stocks on the market. No one wants to miss the next Amazon.
Read Bill Stewart's full article at Global Banking and Finance Review website.
About Chief Outsiders
Chief Outsiders, LLC is a nationwide "Executives-as-a-Service" firm, with 70 part-time, or fractional, Chief Marketing Officers (CMOs) engaged from coast-to-coast. Unlike other strategic marketing and management consulting firms, each CMO has held the position of VP Marketing or higher at one or more operating companies. Chief Outsiders have served on the executive team of over 800 client companies to drive growth strategy and execution plans for a fraction of the cost of a full-time executive.
Because of its market-based growth plans, quality of leadership, and experienced team, Chief Outsiders has been recognized for the past six years by Inc. Magazine as one of the 5,000 fastest growing privately held companies in the US, and was recognized in 2019 as a Forbes Small Giant. Chief Outsiders’ CEO Art Saxby and Principal Pete Hayes are the co-authors of “The Growth Gears: Using a Market-Based Framework to Drive Business Success,” an Amazon #1 best-seller for business owners and CEOs. For additional information about the companies who trust Chief Outsiders as their premier source for business growth acceleration, click here.