Small businesses can be nimble and can react quickly to customer needs and changes in the market. Small businesses can continue to be entrepreneurial and seek opportunity.
As the business grows you will need to add some structure, increase the clarity of peopleâ€™s roles, and put in some processes and procedures. But all of this should be done judiciously and slowly.
Small businesses that try to act â€œbigâ€ too quickly run the risk of losing their entrepreneurial culture. I can tell you from my own experience that once you lose the entrepreneurial spirit in a business, it is very difficult, if not impossible to get it back.
Have you ever experienced the ill effects of growing your business too quickly?
Photo by James Emery