How to manage rapid growth

In modern business circles, advice groups and seminars, having a growth mindset is lauded as a vital part of doing business. It’s even become a way of life for some entrepreneurs – the maxim of all those who dare to dream they could be the next Steve Jobs, Mark Zuckerberg or Arianna Huffington. But is it really that simple? Nick Pollitt, managing director of office design specialists Diamond Interiors, thinks not.

“We work with a lot of businesses that are looking for a space that’s better designed to meet their current needs,” he says. “But what we often find is that some businesses grow so quickly that by the time they’ve found a location that suits them, they’ve already outgrown it. Sometimes that inability to manage rapid growth can be detrimental to profit and can even put a company under if they’re not careful.”

In this article, we outline five ways to ensure you stay in control without having to sacrifice that positive growth mindset.

This is an extract from the Business & Management Magazine, Issue 276, July/August 2019.

Members

• Download the complete article How to manage rapid growth

Full article only available to logged-in ICAEW members and ACA students.

Since Nick Pollit wrote this article, further research has been carried out into rapid growth in business.

These articles and others are available below to logged-in ICAEW members and ACA students.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.