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Fundamentals for Becoming a Successful Entrepreneur: From Business Idea to Launch and Management by Alan Carsrud, Malin Brannback

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8. How to Grow or Not to Grow Your Venture: That Is the Management Challenge

8.0 Growing Your Venture: An Introduction

For me, the most fun is change or growth. There are definitely elements of both that I like. Launching a business is kind of like a motorboat: You can go very quickly and turn fast.

This quote by Tony Hsieh, the CEO of Zappos.com, in many ways expresses the excitement and potential dangers of growing a new business venture. It is much like riding a fast motorboat or racing a motorcycle on a dirt track in an X Game race. The adrenalin rush is exciting, but if you crash, you may not only lose the race but break your bones or if in a motorboat, drown.

8.1 What Is Business Growth?

Business growth is the process of advancing or ...

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