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Business Unplugged™
This blog features Carol Roth's tough love on business and entrepreneurship, as well as insights from Carol's community of contributors.

How Fast Should Your Business Grow?

Written By: Catherine Morgan | Comments Off on How Fast Should Your Business Grow?

Roller Coaster TrackIf we are in business, we probably have growth objectives – revenue, employees, etc. We hopefully even have a plan to accomplish them. But are there ways that we can make our business grow faster? And if we can grow faster, should we?

This is an important topic that Carol covers in her post on the Nextiva blog titled “What Pace Is Right for Your Business?” Carol begins:

“’If everything seems under control, you’re not going fast enough.’ This quotation comes from notorious race car driver, Mario Andretti. Just as maximum speed was essential to gain him an impressive 111 career wins, it is just as important for businesses that want to get a leg up on the competition. The real gift, however, is in knowing what “fast enough” really is versus what “too fast” looks like. Here are some tips on how to make sure that your business moves as quickly as possible — without crashing into too many walls.

Look to the competition for clues.

When deciding exactly how quickly your business needs to run, keep in mind that you’re not looking to break any speed records. You only need to be a bit faster than the competition to establish the pace that your business needs to achieve. When other similar businesses seem to be passing you by, try to find out what they’re doing and how they’re doing it.”

You can read the rest of the post here.

Article written by
Catherine Morgan is the founder of Point A to Point B Transitions Inc., a virtual provider of coaching services to individuals who are in business or career transition. She specializes in helping entrepreneurs transition to corporate jobs they love. Catherine is the author of the eBook Re-Launch You: Discovering Your Point B and Embracing Possibility. An experienced independent consultant who was employed by three of the former Big Five consulting firms, Catherine speaks frequently on topics related to career transition, small business, productivity, and mental health. She doesn’t take herself seriously, but takes her subject matter very seriously.