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Article: Entrepreneurs beware: use caution in "professionalizing" your firm.
- Article from:
- Business Forum
- Article date:
- June 22, 2000
- Author:
CopyrightCOPYRIGHT 2000 California State University, Los Angeles. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"To make a child easy; to raise the child ... difficult!"
-- Old Chinese Proverb
Entrepreneurs who successfully navigate their firms through the whitewater of the startup stage find that the rapids associated with managing an emerging firm are not just different--they can be even wilder. Navigating growth's rapids requires different skills than those that were essential during the startup stage.
Managing growth is seldom a simple process. It rarely involves doing more of the same but on a larger scale. Growth brings complexity and requires more sophisticated approaches to doing business. Rapid growth compounds the challenges because management ...