Every businessman who starts a new business enters the market to
achieve everything as soon as possible. What do you
think the big companies like McDonald’s,
Google, and others became one of the most
famous companies just in a day? Of course not, it is a hard of many years and
hard work of many people. You can achieve anything just in a night is not true. We have to work hard and we have
to work constantly to reach the top. You cannot just make your company like
others famous one just with a single idea. Fast growth is overrated. We cannot
say that profitable growth in short period of time is not possible but it
requires management, focus, proper strategies and a leader.
Businessmen believe that spending lots of money can give you the
success at a faster rate but no! If you don’t
have good employees, you yourself have no idea of your business then how you
can expect it to at faster rate? Because of this thinking many businessmen take
loans from the banks, and unfortunately
if your business fails then you are in debt. It is important to use the
resources that you are capable of buying. If you will try to expand quickly
then there are more chances of mistakes that mean you are wasting your
In hope of fast growth, we develop the habit of rapid decision
making, which lead you to difficult situations. Before taking any decision you
should always think about the long-term
consequences of it.
Many reports say that the faster you grow the faster you fall. There
are certain reasons that can lead to falling
off the big companies for example- they don’t
have a leader who has a vision of long-term
success or who don’t welcome the new and innovative ideas. There are lots of competitions
in the market, so if you don’t allow your company to involve any new ideas then
there are chances that it will fall soon.
We are not saying that you should start your business with very
slow rate, but if you grow slowly then you learn lots of things on the way. You
use your resources very wisely and waste very less if you start slowly.
Your focus is distributed if you are expecting the fast growth;
you have to think about lots of things simultaneously. But at slower growth, you focus on one thing at a time and
take good decisions that can help your company to grow.
Try to learn fast to grow faster. You should have a clear idea of what are your business plans,
learn about it thoroughly. You should be quicker
to take opportunities and should learn whenever you get chance.