How Do I Become a Fortune 500 Company?
Top companies in the United States are reported in the Fortune 500, a list of companies compiled by "Fortune" magazine. Achieving a place on this list requires high revenue growth and stable operations.
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Revenue
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Fortune 500 companies are typically the top-grossing companies in their industry. "Fortune" ranks companies on the growth of sales revenue and profits. For example, 2007 criteria for Fortune 500 companies had a median of 8.8 percent median growth and earnings per share median growth of 14 percent.
Company Size
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The size of a company's operations can also affect its status on the Fortune 500 list. Most companies on this list have large domestic and international operations.
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Considerations
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Selecting the right operating industry may influence a company's ability to attain a spot on the Fortune 500 list. For example, the oil industry has several companies who dominate the market, making it difficult to get on the Fortune 500 in this industry.
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