this is a great question - and very clearly stated. "growth," as it`s pushed in all the media and from Wall Street, is not the right path for a lot of small business operators. lots of surveys indicate that entrepreneurs often are seeking ways to maintain exactly what they`re doing/generating with their business rather than ways to grow.
growth is great, but comes with sacrifice. that sacrifice may take the form of putting money at risk, having to spend more time working, managing a bigger team of people whose livelihood you`re responsible for, and other things.
i know you`ve spent a lot of time becoming familiar with our community boards and with the StartupNation content. along the way, you`ve tuned in to how we stress so strongly "Life Plan comes before Business Plan!" And your question relates directly to life planning. If you want things in life to stay the way they are--if you`re basically pretty happy--don`t fret over growth strategies. If you want things to change in life, you should consider how growth of your business could help cultivate that change you`re seeking...
would love to hear other people`s views on this...
but "more" is not always really "more"...
growth is not critical to a lender. ability to service the loan is. as long as the math works and you have plenty of track record to substantiate it, a loan should be possible.
and "sought" is probably not the right word - but "OK" probably is. you don`t seek flat revenues unless you`re making a deliberate decision to keep things the way they are.
cool topic, vincent.
Investors, employees and stockholders push for growth more than stability is because when starting a business is like watching your son grow with his friends(competitors). Now if he stop growing at the age of nine( really smart kid for his age) his friends will continue to grow and become biger and stronger every year. Now as a parent that`s not exceptable and thats how investors see it.
That`s how I see it and please tell me if im wrong.