MBA1183 Guest Teacher: Paul Jarvis- Why growth might be the worst thing for your business.
The $100 MBA Show
00:00
Why Growth May Not Be the Best Thing for Your Company
The current business paradigm teaches us that to make a lot of money or to have lasting success, we need to scale up our businesses. A study done by the startup genome project found that 74% of those businesses failed because they scaled up too quickly. The Kauffman Foundation and Inc. magazine did a follow-up study on the list of the 5,000 fastest growing companies five to eight years later. Two-thirds of them had gone out of business, undergone massive layoffs, or had been sold off below market value.
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