ICAEW.com works better with JavaScript enabled.
Exclusive

How to manage rapid growth

Article

Published: 02 Aug 2019 Update History

Exclusive content
Access to our exclusive resources is for specific groups of students and members.
Contents

Nick Pollit explores how businesses can effectively 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.

Find out more

Members

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

Latest research

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 ICAEW Library & Information Service 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.

More support on business

Read our articles, eBooks, reports and guides on strategy, risk and innovation.

Strategy, risk and innovation hubeBooks on business strategy and planning
Can't find what you're looking for?

The ICAEW Library can give you the right information from trustworthy, professional sources that aren't freely available online. Contact us for expert help with your enquiries and research.

Information

Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.