Home / The Leadership Library / Business and Economic Leadership / Growth and Its Costs
Growth and Its Costs
Deciding whether to grow, what growth changes about the thing you built, and the capital decisions that constrain a firm for a decade.
-
01
What Debt Constrains
Borrowing is assessed on whether the payment can be made. The more consequential question is what the commitment removes from the firm's ability to respond to the years nobody forecast.
-
02
The Customer Who Is Too Large
Concentration arrives through success. Each year of serving one buyer well makes them a larger share, and the firm discovers it has become a supplier operating at somebody else's discretion.
-
03
Whether to Grow
Growth is treated as the default and it is a choice with costs. Deciding deliberately not to grow is a legitimate position that almost nobody states out loud.