Truth 49. Preparing for growth

Most businesses want to grow. Even businesses that are started to accommodate a certain lifestyle or allow their owner to meet a personal goal or aspiration normally want to expand their sales and profits over time.

Growth doesn’t happen by chance, however. Growing a business successfully takes preparation, good management, and an awareness of the challenges involved. Growing a business can be a joy or a nightmare—trust me, I’ve seen both. There are many businesses that have started, grown prudently, and are thriving, returning to their owners just the sort of lives they had hoped for. Sadly, there are also many businesses that have done just the opposite—they’ve started, grown either too slowly or too ...

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