Growth At All Costs Or Balanced Growth?
You wouldn’t try to make a two-year-old become a 12-year-old overnight.
So, why would you do the same to your business?
When I think about business growth, I often refer to the maturity framework- a methodology I’ve introduced at companies I’ve run. It tracks how a business matures across key areas like people, processes, tools, and technology. This method lets leaders pinpoint where growth is happening and where it’s falling short.
The ultimate goal is for your business to mature across all these areas simultaneously. You don’t want one part of your business to become over-mature while others remain underdeveloped – because that’s when noticeable gaps start appearing between different teams – and departments.
Balanced growth is the goal, but it’s not common. That’s often due to founders devoting too much time to areas where they’re most comfortable. They focus on the areas where they’re most confident but neglect the parts of the business that may need attention to ensure everything runs smoothly.
For example, product-based businesses tend to pour all their brainstorms into product development, skipping out on the operational framework and tools that support scaling. Service-based businesses, on the other hand, tend to focus heavily on people but overlook the infrastructure needed for growth.
A great CEO understands that all business functions are interconnected, so their growth should also be interconnected.
Growth is good – just so long as it’s done considering and maturing all parts of the business.
