8 Ways to Tell a Company Is About to Explode

If you’re looking for solid investment opportunities, you’ll want to find companies with a high propensity for near-term and long-term growth. The trouble is, most companies have vague plans to get bigger, make more sales, and eventually dominate the competition.So how can you tell whether a company is truly about to explode?These are some of the best indications that a company may be about to explode in growth:1. Consistent revenue growth. Business growth and revenue growth are practically synonymous, so take a close look at the business’s revenue increases in recent years. Is this company truly on a path to long-term growth? Superficial metrics and positive signals, like an influx in public interest or an awesome new product on the horizon, might draw you to a company, but if the revenue figures don’t indicate a clear path to growth, it could be a problem. Of course, it’s possible for a company with little to no revenue to turn things around and explode, but if you’re a risk-conscious investor, you’ll want to see some momentum first.2. Stated plans to expand. What are this company’s goals and plans for expansion? Is there a written plan for the long-term growth of this business? What are managers and owners planning on doing with the company as it begins to hit its near-term goals? Exact strategies may be undisclosed to the public, but you should be able to glean a general idea for the direction of the business.3. Excellent customer service and retention. Some of the best consumer-centric companies are those that offer excellent customer service. Why? Because those companies also tend to have the highest rates of customer retention. It’s one thing for a company to be capable of attracting new customers to the brand; with an ample budget and an interesting new product,…