top 10 in simcoe county: faq

TOP 10 BUSINESS IN SIMCOE COUNTY IS BROUGHT TO YOU BY

YOUR BUSINESS WITH SANDRA GREEN ONLY ON ROGERSTV, WHERE LOCAL MATTERS

WWW.ROGERSTV.COM

FAQ Application deadline: Friday, June 17th at 4pm

Email: [email protected]

Fax: 705-737-0778

Website: www.rogerstv.com

Facebook: www.facebook.com/sandragreennation

FREQUENTLY ASKED QUESTIONS Eligibility Requirements To qualify for the Top 10 in Simcoe County, all of the following must be true of your company. Your company must:

1. The company was generating revenue by March 31, 2007, and 2. The company is privately held, Canadian based operating for profit, and independent

(not a subsidiary/division of another company) in Simcoe County. What is the Top 10 in Simcoe County? In 2011, Your Business with Sandra Green will introduce the top 10 list of the fastest-growing privately held companies in Simcoe County. This prestigious list of the most successful private companies will become the hallmark of entrepreneurial success and the place where future household names make their mark. The list is a distinguished editorial award, a celebration of innovation, a network of entrepreneurial leaders, and an effective public relations showcase. The Top 10 In Simcoe County ranks companies by overall revenue growth over a three-year period. The top 10 are showcased throughout the Your Business episodes with a showcase on the #1 company. How are companies ranked on the Top 10 in Simcoe County list? Companies are ranked according to the percentage growth of their annual revenue over a three-year period. To assess this, we ask for your 2007 and 2010 revenues. This gives us a three-year growth period, using 2007 as a base year for growth.



WWW.ROGERSTV.COM



Fax: 705-737-0778



How is the three-year growth rate calculated? The equation for growth percentage is: [(2010 revenue / 2007 revenue) - 1] x 100 = total growth percentage For example, if 2007 revenue was $3 million and 2010 revenue is $15 million: $15 million / $3 million = 5 5 - 1 = 4 4 x 100 = 400. Growth is 400 percent. Why should I Apply? Visibility •Local and industry recognition •Media exposure •A high-traffic company profile page •Coverage on Your Business with Sandra Green for the top 10 companies Morale: •Personal validation for you and your employees •Public acknowledgment for company-wide success despite the recession Networking: •An exclusive community of private companies •New leadership opportunities, e.g. by hosting a local event Business Opportunities: •Traffic to your website •Recruiting tools •New sales and partnership opportunities through high-quality networking



WWW.ROGERSTV.COM



Fax: 705-737-0778



What is the application process? 1. APPLICATION: Complete an application www.rogerstv.com. •Confirm that your company meets eligibility requirements. •If you do not have a final figure for your 2010 revenue when you apply, you may enter an estimate and provide an amount by June 17th at 4pm. •Application deadline is June 17th at 4pm. 3. EDITORIAL: Once application has been submitted, someone may contact you to ask follow-up questions, to gather additional information and to discuss your company. 4. NOTIFICATION: Monday, June 20th companies will be notified as to whether they made the list. •Applicants will first be notified of their status via email 5. ON-AIR: On Thursday, June 23rd, 2011, the top company in Simcoe County will appear on Your Business with Sandra Green •Your Business will publicize and distribute the list to media channels throughout the county. 6. CELEBRATION: Congratulations! Making the Top 10 in Simcoe County is a major accomplishment, and one that can be celebrated with your executives, employees, clients, and all others who helped make it possible. When is the deadline for submitting an application for the 2011 Top 10 in Simcoe County? We must receive your online application by Friday, June 17th at 4:00pm E.S.T. We recommend that you apply early either by email, [email protected] or fax, 705-737-0778 How are companies ranked on the list? Companies are ranked according to the percentage growth of their annual revenue over a three-year period. To assess this, we ask for your 2007 and 2010 revenues. This gives us a three-year growth period, using 2007 as a base year for growth. Is there a fee to apply for the Top 10 in Simcoe County? No.



WWW.ROGERSTV.COM



Fax: 705-737-0778



What if I don't have my 2010 revenue number until later in the spring? Can I still apply early? Yes. If you do not have a final figure for your 2010 revenue at the time you apply, you may enter an estimate and give the precise figure by June 17th. My firm represents other companies for matters like this. May I apply on their behalf? Yes, many applications are submitted by representing firms (PR firms, accounting firms, etc.) on behalf of their clients. My firm represents several clients that may be eligible. May I submit applications on behalf of more than one client? Yes, representing firms (PR firms, accounting firms, etc.) may submit applications on behalf of one or more clients. My company's revenue declined in 2008 or 2009 due to the recession. Does that disqualify my business or make it unwise to apply? Not necessarily. We look at the overall three-year growth rate from 2007 through 2010 compared with that of the other applicants. Year-to-year declines were acceptable and common. Will recognition on the Top 10 in Simcoe County reveal information about my company to my competitors? As a part of the award, we will publish your company's, location, number of employees, year founded, and web address. We will also publish a brief profile of your company. Most of this basic company information is already available publicly in one form or another. The positive attention and credibility that comes with a listing are unparalleled and usually outweigh concerns about information disclosure.



WWW.ROGERSTV.COM



Fax: 705-737-0778



Right now, I'm not sure whether I want my company to be on the Top 10 in Simcoe County. Can I apply now and withdraw my application later? You may withdraw at any time before the June 17th deadline. After that, you may no longer withdraw from consideration. What are the eligibility criteria for the Top 10 in Simcoe County? All of the following must be true of your company in order to qualify. 1. The company was generating revenue by March 31, 2007, and 2. The company is privately held, Canadian based operating for profit, and independent (not a subsidiary/division of another company) in Simcoe County. How does Top 10 in Simcoe County define revenue? We define revenue as gross revenue, less returns and allowances, before any cost of goods sold. Revenue figures should be as precise as possible and rounded no more than to the nearest thousand (i.e. $234,000). If you do not have a final figure for your 2010 revenue at the time you apply, you may enter an estimate and give the precise figure before June 17th. Does my company have to be profitable to be eligible? No. The Top 10 in Simcoe County is determined solely by revenue growth; profitability is not a consideration. My company is majority or wholly owned by a venture capital firm, a private equity firm, or an investment bank. Is it eligible? Yes, as long as it meets the rest of our requirements, your company is still eligible. What if my company is public? Public companies are not eligible. What if my company is private and independent but is about to be acquired or go public? Your business is eligible as long as it was privately held and independent as of December 31, 2010.



WWW.ROGERSTV.COM



Fax: 705-737-0778



What if my company used to be a subsidiary or a division and is now independent? Only companies that are private from December 31, 2007 from December 31, 2010 are eligible. What if my company was a partnership in 2007 and is now a corporation? Company structure is not a factor. Your company may still be eligible, as long as the business is independent and meets the other criteria. If my fiscal year doesn't end in December, what sales numbers should I fill in for each year? We ask all applicants to submit their revenue figures for full calendar years. Companies with non-calendar fiscal years make sure the revenue figures entered on the form are for calendar years 2007 and 2010. May I submit revenue figures based on cash accounting? No. All revenue figures (for both 2007 and 2010) be converted using accrual accounting. To convert cash figures to accrual figures, start with cash receipts, subtract the beginning accounts receivable, and add ending accounts receivable.

top 10 in simcoe county: faq

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