Are you headed for continued success or serious trouble?
If your business is successful, it will grow itself into problems. It’s nearly impossible to scale a business without experiencing obstacles along the way. Problems inevitably begin to pile up as a company grows and becomes more complex.
When a company is small, it’s relatively simple to manage because it has fewer “moving parts”: fewer customers, employees, and products, and a simple structure. Then the company grows and it’s no longer the same company: there are more people, customers, products, suppliers, management layers, locations, competition, and risks to manage—there’s more EVERYTHING—all of which creates complexity.
Eventually things start to break down. Chaos reigns. You’re constantly moving from one crisis to the next. Management is stretched too thin. Some people lack the skills to keep pace with growing responsibilities. Poor communication and coordination leads to mistakes, inefficiencies, and a lack of focus. Quality slips and customers start to complain. Competitive pressure intensifies. Management loses control. Costs rise. And the number and difficulty of business decisions dramatically increase.
And these are just a few of the potential issues!
We have identified twelve of the most common problems businesses face as they grow and scale. These growing problems are not only barriers to continued growth, but also warning signs that changes are needed in the way the business is operated.
Every growing company eventually runs into some of these all-too-common obstacles. How you handle them can make the difference between success and a high-speed crash.
As with any warning sign, you have to know what to look for. Use this diagnostic tool as the first step in identifying which growing problems your company has and understanding their severity. To identify which problems may be holding your company back, find your Growth Problems Index here.
Do you know your company’s growth problems? Use this online tool to measure the severity of your organization’s growth problems. Take It Now
Want to learn more about the stages of growth? Use this interactive tool to find detailed information for each stage. Launch It Now
Do you know your company’s stage of growth? Use this online tool to determine the current stage of growth of your organization. Take It Now
Want a quick overview of the stages of growth? Watch this video to learn more about the stages of growth. Play It Now