According to the Global Entrepreneurship Monitor (GEM) survey, the greatest obstacle to a company’s growth is the company’s inability to manage fast growth. Being unprepared for growth can flat line your revenue potential and reveal underlying problems that may prove irreparable. Thus, a smart strategy for growth not only sets goals but assesses fundamental issues and considers potential weak spots.
Think you’re ready for the next stage of growth? First, review these four reasons your business may not be ready. (more…)