Why Growth Could Be the Worst Thing to Happen to Your Business
We’re constantly fed this idea that if our business isn’t growing, it’s failing. Fortunately, like anything in business, one rule doesn’t always apply. This is where business advice and reputable studies differ. Rapid or unchecked growth can end up being the downfall of a business, instead of its guiding light. It’s not that growth is bad or should be avoided at all costs, it’s just that it should be questioned before proceeding. Growing our businesses could be the worst decision we make for the longevity of them. Let’s look at five reasons why growth may not make sense for our companies. 1. Resilience. As Dean Becker, CEO of Adaptiv Learning Systems, told me, the amount of resilience a person has is the most important part of their ability to succeed -- and accounts for more than even their training, education or experience. Luckily, our ability to be resilient is not just an innate trait we’re either born with or not. Being resilient requires that we focus on and wor...