Can A Business Grow Too Fast?
Ask an entrepreneur what he or she hopes to achieve with a new business endeavor and you will get as many different answers as there are people who you ask. Many will express a desire to attain a level of financial security for their families. Many others will reply that they want to improve the world with a unique service or product that they offer. One common thread that will likely appear without too much prodding, however, is the wish that the business grow to represent a large portion of the market that it is entering.
Growth can be both a blessing and a curse, however. Working closely with the Des Moines business lawyers of LaMarca Law Group, P.C., can help you to wisely manage the development of your company so that you will not become the victim of your own success. Contact us at (877) 327-2600 to speak with one of our experienced attorneys about your goals.
Recognizing Danger Signs of Rapid Growth
It can be tempting to jump at every opportunity that presents itself without considering the implications that it is likely to have on your company. A temporary surge in revenue, for example, can be easily erased by a loss of reputation and compromised quality of product that arises from overpromising and under-delivering on a big order or project. Before you place your business at risk of collapsing under its own weight, it is important to be mindful of warning signs that you are losing control of your corporate growth:
- You no longer know all of your employees by name and face
- The details of expenses slip through the cracks
- Basic infrastructure needs are struggling to be met
- Customer sentiment is starting to swing against you
Aiming high is valuable, but flying too close to the sun can have disastrous consequences. Contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600 for the experienced legal help you need.