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The grow-or-die lie: Tips to steady success for businesses

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in Best-Practices Leadership,Leaders & Managers

All growth is good. Bigger is better. All businesses must either “grow or die.”

Small business owners have heard these mantras for years. But, “at best those beliefs are half-truths and at worst they’re pure fiction,” argues Ed Hess, a business professor and author of 10 books, including Grow to Great­­ness: Smart Growth for Entre­­pre­­neur­­ial Businesses.

“‘Grow or die’ is a belief that has no basis in scientific research or in business reality,” he adds. “When not approached carefully, growth can de­­stroy value as it outstrips a company’s managerial capacity, processes, quality, and financial controls or substantially dilutes customer value propositions.”   

His recent study of 54 high-growth private companies found that several successful entrepreneurs had imploded their first businesses by taking on too much growth too quickly. This kind of “gas pedal growth” overwhelmed them.

“Let up on the growth gas pedal as neede...(register to read more)

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{ 1 commentsῂ read them below or add one }

Tony Smith July 18, 2013 at 9:14 am

Thank you so much for great post.I think every small business owner must read this for increasing their online presence & growing their business.

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