At a recent “Extreme Makeover: Business Edition” hosted by Remodelers Advantage, the lineup of speakers included Judith Miller, who spoke on the stages of business growth that she has observed over a long career of helping remodelers manage their numbers and implement secure financial systems. Her sage guidance on growth offers perhaps one of the most important lessons of the moment: How you manage growth during a strong economy must be deliberate and reasoned, and never too exuberant lest your company is inordinately exposed when storm clouds roll in.
There is no one perfect business strategy for every company. It all depends on where on the ladder of growth your business sits. To learn which stage your company is at, visit our Guide to the Five Stages of Growth.