Work Book: The Process of Growth in the Small Firm

Tim Mazzarol and Sophie Reboud
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Tim Mazzarol: University of Western Australia
Sophie Reboud: Burgundy School of Business

Chapter Chapter 6 in Workbook for Small Business Management, 2020, pp 51-66 from Springer

Abstract: Abstract Growth is only one option available to small business owner-managers and one that most do not chose to follow. Most small business owners are content to manage their firms primarily for lifestyle rather than growth. If the owner-manager decides to pursue growth they must learn how to manage ever increasing scale and scope, putting in place systems to allow the business to be effectively controlled. Keeping the business profitable during major periods of expansion is one of the most important challenges as overheads rise and working capital is at a premium.

Date: 2020
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DOI: 10.1007/978-981-13-9513-0_6

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