Is Your Company Growing Too Quickly?

Rapid growth can induce a swoon for an entrepreneur unlike anything else. Founders may get so caught up in the feeling of success that they miss the tell-tale signs that the company is beginning to spiral out of control. Growth should be a goal of any business, but growth should also be carefully planned. Impatience can lead to a number of common mishaps: the failed launch of a new product or service, expanding into an unfamiliar field before the company is ready, buying new equipment before you can actually afford it, or making an acquisition without proper due dilligence. Should you curb your current growth plan? Take our quiz and find out.

1. Every day is crunch day -- you're running in a constant crisis mode.

True

False

2. You don't have time to evaluate what's going on in your industry.

True

False

3. In order to keep up with demand, you've hired more temporary help than permanent employees.

True

False

4. You seem to get $10 of work for every $5 of payroll.

True

False

5. Your posted job openings outnumber the number of workers you currently employ.

True

False

6. Your back orders have grown substaintially beyond your standard lead time.

True

False

7. Your adoption of new technology is either well ahead or well behind a company of your size.

True

False

8. Customer complaints are increasing.

True

False

9. Your overhead is skyrocketing.

True

False

10. In pursuing new clients, your existing customers are not getting the attention they deserve.

True

False

11. Your expenses and debt load is such that cash flow is tight.

True

False

12. One division or group of employees is putting a strain on the overall profitability of the company.

True

False

13. You don't have a good handle on accounts receivable management.

True

False