Q & A: Why is it a problem if I do not want to grow my business?

Good question! When you read many small business publications and online resources, most people talk about growing your business. Sometimes it sound like it is important to grow your business, along the lines of if your business does not grow, it is going backward.

To tell you the truth most people talk about growing their business to attract funding - VC money, loans - believing that this money will help them to grow and this way solve their business problems. Surprise, surprise - that never works and never will, it amuses me no end when I hear some people ranting about VCs, when they not even have a business.

If you achieve your business objectives, whatever they are, why would you want to grow your business? There is no problem in remaining small and as you are, don’t let anyone tell you otherwise. Work on your work-life balance and enjoy your success.

As Michael Bloomberg - a U.S. entrepreneur and Mayor of New York - once said:

Is your company small you have to do everything yourself? Wait until you’re so big that you can’t. That’s worse.

Could not have said it better myself - there is your answer. ST.

Disclaimer: As with any of my readers questions, I do not have all the answers and here on my blog I can only give you some ideas, since I know very little about your small business. If any of you can add anything here do so for the benefit of my reader, who asked the question and everybody else, leave a comment below - I’d be most grateful.

3 Responses to “Q & A: Why is it a problem if I do not want to grow my business?”

1. David Daly
   http://outofthetriangle.wordpress.com/
   
   Said on October 29th, 2007 at 9:27 am

   I agree with you that growth isn’t everything. In fact, as I said in my post 6 Qualities For Business Success, I think that trying to grow too quickly can actually harm your business. It’s also good that you talk about the importance of finding the right work/life balance. You and your readers might find this post by Tim Ferriss interesting because it talks about the fact that more money does not always bring happiness.

2. Business - Victor Lombardi and Jess McMullin speaking in Europe | usedcarforms.org
   http://usedcarforms.org/business-victor-lombardi-and-jess-mcmullin-speaking-in-europe/
   
   Said on October 29th, 2007 at 9:50 am

   […] Q & A: Why is it a problem if I do not want to grow my business?When you read many small business publications and online resources, most people talk about growing your business. Sometimes it sound like it is important to grow your business, along the lines of if your business does not grow, … Tags:Share This […]

3. Robert Moore
   http://www.business-sale.com
   
   Said on October 29th, 2007 at 12:26 pm

   Profitability is key. By keeping the business small then you are limiting your ability to maximize profits. If you chose to not grow it then you need to keep costs under control and maximize sales!

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