The Growth Trap: A Serious Challenge for Expanding Companies The situation catches many companies flat-footed. Business is booming, the company is expanding and, all of a sudden, the company founder finds himself dragged into an odd situation: Not only his workload is rising to extreme levels; also the contents of his work are changing. Instead of taking care of his company’s products and clients, he is spending most of his time discussing personnel decisions and negotiating with accountants, lawyers, and government authorities. Not every entrepreneur can cope with this situation, especially, when his busy schedule does not even allow him time to reflect on his leadership qualities. Faced with such a hectic and chaotic business environment, it is high time for the management to start bringing professional expertise and rational business structures to the company. However, the transition from a small company or start-up to a medium-size firm finds many businessmen completely overwhelmed. Often, they call for professional support not until their company already is experiencing heavy turbulences. Avoid management mistakes A lack of professional structures and strategic planning has serious consequences not only for the general management but also for the company as a whole. Both will reach their capacity limits very soon. As a result, employees and customers will have second thoughts about the management qualities of the company. Indeed, most small companies do fail not because of the quality of their products and services but because of serious management mistakes. When companies have reached the critical size of 60 to 70 employees, corporate management requires a more abstract and strategic approach. Rational management tools have to be applied to support company growth professionally. Use professional expertise from experienced experts In order to remain successfully, entrepreneurs have to bring professional management structures to the company, the sooner the better. A lean and efficient company organization, strategic planning, controlling and a rational personnel and recruiting policy have to be established. Unfortunately, many start-ups lack fundamental management skills. Not every entrepreneur is blessed with business genes and leadership qualities. In particular, tech companies tend to underestimate the importance of professional management structures. Yet, the successful management of a small or medium-size company is far from trivial. What is needed is a strategic mind and consolidated management know-how. Experienced and independent experts offer these valuable skills. The seasoned consultants of MFB Resultants support you to implant professional management structures to your company. We help you to grow successfully. Talk to us. Together we can work on professional management structures. MFB Resultants - We Create Results