why are midsize companies important in any economy?
TRANSCRIPT
WHY IS THE
MIDMARKET IMPORTANT?
March 3, 2013 ©The Midmarket Institute 2013 1
WHAT is the American
MIDMARKET? March 3, 2012 2
COMPANIES with revenues of
$10 M - $1B USD and
100-5000 employees
#1
March 3, 2012 ©The Midmarket Institute 2013 3
There are about
197,000 *
#2
Midmarket companies in the U.S.A
*only 3% of all U.S. companies are in the Midmarket
March 3, 2012 ©The Midmarket Institute 2013 4
have total revenues of
$3.9 Trillion *
#3
(33% of private sector GDP)
Midmarket companies
*OSU Fisher School Data
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40 Million *
#4
(34% of total non-government employment
Midmarket companies employ
*Latest U.S. Census Bureau figures
in the U.S.)
March 3, 2012 ©The Midmarket Institute 2013
6
Why is the
MIDMARKET important?
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GROW They have more room to
than larger companies
March 3, 2012 ©The Midmarket Institute 2013 8
They are more likely to
survive and grow than smaller companies
March 3, 2012 ©The Midmarket Institute 2013 9
They tend to
add jobs
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in their HOME MARKETS
MORE SUSTAINABLE JOBS They add
than larger & smaller companies
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COMMUNITY They have strong roots in their
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THEY SPEND A LOT Vendors big & small want to get to them (seen the recent ads in the papers, the radio and tv about the midmarket?)
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HIGHER MARGINS They are loyal customers providing
Smart vendors see this as THE segment to chase
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rather than foreign ones – and tend to stay with their suppliers longer than many larger companies do
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They tend to
have domestic suppliers
Many of them are
fast growing - need help to GROW!
March 3, 2012 ©The Midmarket Institute 2013 16
THE MIDMARKET is the
of every country’s economy. Ram V. Iyer
Founder & President The Midmarket Institute
THE GROWTH ENGINE
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UNIQUE CHALLENGES Midmarket companies have
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WHERE is the
MIDMARKET?
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MOUNTAIN PLAINS 5.7%
WEST 18.6%
SOUTH WEST 10.6%
SOUTHEAST 16.4%
MID ATLANTIC 10.1%
NEW ENGLAND 6%
MIDWEST 20.9%
NY / NJ 11.7%
197,000 BUSINESSES BETWEEN $10MM—$1B
$3.9 TRILLION (33% of PRIVATE SECTOR GDP)
4th LARGEST ECONOMY IN THE WORLD
43.1 MM JOBS NET JOB CREATOR THROUGH THE CRISIS
82% SURVIVORSHIP 70% IN BUSINESS FOR 20+ YEARS
Public
18%
82%
Private Source: Ohio State University, NAMM
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Midmarket - Structure and Geography
31.3%
Services
0.7%
0.6%
12.4%
Mining
Retail
Wholesale
Construction
Manufacturing
Transport & Communication
Financial Insurance & Real Estate
Holding Companies
Agriculture, Forestry & Fishing
5.4%
17.3%
8.4% 0.8%
13.8% 9.3%
Source: Ohio State University Fisher School of Business
Industry Concentrations of Midmarket Companies
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WHAT IS THE
MIDMARKET INSTITUTE?
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The HUB for midsize companies, suppliers, capital providers,
advisors and influencers worldwide
Founded circa. 2009
Click to watch video on importance of midmarket (and what we do)
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Our Websites • Membership site focused entirely on
the midmarket • Has many communities of midsized
companies, vendors and influencers to midsized companies
• Has largest collection of content on the challenges of the midmarket
• Has special NICHE sites for various prominent midmarket niches – CEOs, CFOs, IT, Resellers, Midmarket high growth companies, exporting, family owned businesses, employee owned businesses, etc.
• Largest virtual marketplace that brings together midmarket buyers and sellers – open 24/7
• Will host periodic special events on specific segments of midmarket (for targeting)
• Has special sections for Private Equity Investors, Consultants, Financial Advisors, Resellers, Suppliers, etc.
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www.midmarket.org www.midmarketworld.com
March 3, 2012 25 ©The Midmarket Institute 2013
COMMUNITY HUB Bringing midmarket companies, suppliers,
advisors, capital providers, influencers & job seekers together.
Help to overcome business challenges – with content, tools, events and experts
COMMERCE HUB Buy, sell & partner 24/7, 365 days a year
SOLUTIONS HUB ?
www.midmarket.org
www.midmarketworld.com
What Do We PROVIDE?
©The Midmarket Institute 2013
March 3, 2012 26 ©The Midmarket Institute 2013
Leverage Mi Page – Each member has a personal page showing their top challenges and new solutions every day from our Knowledge
Center, Business Tools, Community, Events and Marketplace.
SOLUTIONS HUB
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Alan Tonelson, Research Fellow, The U.S. Business and Industry Council
Michael Erwin President
Tailored Label Products
Michael Werner President & CEO
Globe Union Group, Inc.
Jack Stack, Founder & CEO, SRC Holdings
Mohit Uberoi President MEGTEC Systems
Keith Campbell Chairman, Mannington Mills
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American Thought Leaders Interviews
European Thought Leaders Interviews
Left: Midmarket Institute President Ram V. Iyer meets with third and
fourth generation leaders of Glasbau Hahn, Mr. Till Hahn and
Ms. Isabel Hahn.
Left: Professor Dr. Hermann Simon discusses outsourcing strategy with Midmarket Institute President Ram V. Iyer.
Above: Prof. Dr. Bernd Venohr talks about the
Mittelstand model.
Below: Dr. Patrick Adenauer, President of ASU, talks about the strengths of German family businesses.
Photo: Anushka Iyer
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March 3, 2012 30 ©The Midmarket Institute 2013
Companies Expanding Across America: 1. Have Increased Revenues 2. Hire More American Suppliers 3. Hire More Americans 4. Increase Wealth for Individuals, Businesses & Local Communities
www.midmarketworld.com
FUTURE:
Job Board Partnerships
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March 3, 2012 32 ©The Midmarket Institute 2013
Special NJ Vendors Directory
FUTURE: 1. Business Services 2. Econ. Dev. Orgs. 3. Chambers of Commerce 4. Resellers
Midmarket Directory
March 3, 2012 33 ©The Midmarket Institute 2013
SAMPLE BOOTH
Feb 5, 2013 33 ©The Midmarket Institute 2013
• Midsize Companies
• Suppliers to Midsize Companies
• Advisors & Consultants to Midsize Companies
• Capital Providers to Midsize Companies
• Influencers of the midmarket
• Government Agencies
• Education Institutions
• Media Organizations
• Associations
• Unions
• Individuals interested in the midmarket
Come and join us – if you are:
…become a MEMBER today! March 3, 2012 ©The Midmarket Institute 2013 34
Ram V. Iyer Founder & President
5 Independence Way Suite 300 Princeton, NJ 08540 [email protected]
Phone: (609) 275 6300 Fax: (609) 916-1324 www.midmarket.org
Check out our presentation ‘About The Midmarket Institute’ March 3, 2012 ©The Midmarket Institute 2013 35