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When it comes to running a successful company, it is important to remember that your business, as well as the markets you serve, are not static, but are in a constant state of flux. This means that over time you'll need to refine and redesign your systems and controls. The more you grow, the more that growth will require you to evolve your systems.
Rapid growth will continue to make increasing demands on your outdated systems. The systems that worked for a $500,000-a-year business will no longer be sufficient to cope with a $5 million company. This is why you need to approach your systems and controls as a work in progress as you continue to scale your business.
As you grow your business, your policies and controls must grow with you if you want to run a successful business.
Rapid growth will continue to make increasing demands on your outdated systems. The systems that worked for a $500,000-a-year business will no longer be sufficient to cope with a $5 million company. This is why you need to approach your systems and controls as a work in progress as you continue to scale your business.
As you grow your business, your policies and controls must grow with you if you want to run a successful business.
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