Consulting firm Deloitte and Touche has released its annual Fast 500 list of the quickest-growing technology companies in the U.S. and Canada. All the companies on the list have more than tripled their revenue in the past five years. The top performer over that time is a San Diego company called Entropic Communications, which makes gizmos that “enable connected home entertainment.” (If you’ve ever tried to connect your own home-entertainment system, you can appreciate why Entropic is doing so well.)
Joke of the week. We’re not exactly sure what a consulting firm is. Deloitte says it “offers clients a broad range of fully integrated services in areas that include accounting, assurance and advisory, risk, tax, management, financial, technology and human capital consulting.” That sounds like a good definition (except for the part about “human capital consulting,” which sounds like: “We’ll tell you who to fire and you can start with those two bloggers.”) But we prefer this definition: A consultant is someone who borrows your watch to tell you what time it is. And keeps your watch. (OK. It’s an old joke. But we’re kind of old jokes ourselves.)
Making a federal case. Speaking of growth, if you’d like to boost your own small business, one of the best ways to do it is to sign up the world’s biggest customer: the U.S. government, which spends more than $500 billion on goods and services each year. But how? American Express recently launched a program to teach small businesses how to get a piece of the government action. It’s called Open for Government Contracts, part of AmEx’s Open Small Business campaign to add more small-business cardholders. The program promises to help little guys win procurement contracts by guiding them through the daunting process. One strategy is to team up with other small businesses to bid for contracts. Check out the Teaming USA website to learn how to get started.
The plutocrats have taken over the asylum. If you study history, you know it’s in times of economic trouble that the most ferocious capitalists see their opportunities, grab them and end up in the driver’s seat. We’re supposed to have some sort of government regulation to keep these people from steering the economy into the ditch now and then but it doesn’t work so well when the people running the government are the same people running the corporations they’re supposed to be regulating. For example: Treasury Secretaries Tim Geithner, Hank Paulson and Robert Rubin are all Goldman Sachs alumni. But maybe the Goldman guys are getting tired of the government cafeteria. Highly placed sources say the leading candidate to replace Geithner is JPMorgan Chase CEO Jamie Dimon. These sources add that Dimon “would love to serve his country.” And what would he serve? No doubt a heaping helping of the same old thing. Soup du Jour again?!