Growth, in business, creates a virtuous cycle. Growing companies attract more talent, talent drives quality and innovation in products and services, quality drives revenue, revenue attracts capital and capital funds more growth.
Growth also comes with growing pains. Rapid growth needs lots of working capital, a growing company can still go bankrupt if the working capital runs out. The existing talent base in the company quickly becomes overworked and over stretched and the new talent brought in to help grow challenges the status quo and working practices.
Growth happens in phases. These phases are typified by that rapid growth, a short period of stability and then revolution that leads into the next phase of growth. Growth is as much about mitigating risk as it is about accelerating output.
Duration: 45 mins