At first glance, the only apparent difference between a small company and a big company is the amount of revenue and market share. If only it were that simple.
The average $10 million business is far different from the average $100 million business, which is different still from the average $1 billion business.
Make no mistake; taking a company from small to big can be a daunting challenge. One of the primary reasons is the continuous change that the company undergoes during its development. Virtually every facet of the company changes several times as it grows, and these changes can be quite dramatic.
As your company gets bigger, it must do things differently to continue being successful. Your market, products, resources, systems, processes, culture, and team will all need to change as the company grows.
As your business grows, you must be able to identify how your organization is changing, and what it will take for you to be effective in each new situation. How successful you are at adapting to the changing needs of your company will make the difference between success and failure – regardless of how strong your business appears at this moment.
Use the online tools in The Stages of Growth and The Growth Problems Index to help you diagnose your firm’s strengths and limitations, and to better understand the issues your company faces as it grows.
