6 Ways to Grow With Your Company | Entrepreneur (2023)

Opinions expressed by Entrepreneur contributors are their own.

Starting up a company is a stressful, yet exciting venture. As the founder, you are the heart and soul of your company. In the early stages, you are the main driving force behind everything the company accomplishes.

But as success ensues and your company starts expanding, too often the startup outgrows a young entrepreneur's individual development and abilities. And with these growing pains, you will have to make decisions in areas where you lack real experience, knowledge or self-awareness.

(Video) 7 Strategies to Grow Your Business | Brian Tracy

While expansion is what you are after, it is imperative a young entrepreneur prioritizes and recognizes the importance of personal growth. By doing so, the product and company will have a greater chance of success. The more control you take of your own growth, the better it will be for your company, your employees and your bottom line.

Related: How to Navigate Growth During a Startup's Early Years

Here are six tips on how to grow with your company:

(Video) 6 Startup Growth Strategies from a Forbes Top VC | Seed to Billion Dollar IPO | Office Hours Ep.3

1. Surround yourself with trusted individuals.
I am not referring to your mom or best friend. Find a mentor with the experience and industry expertise you lack but desperately need. Check out local meetup groups, reach out to organizations like SCORE or search the web for forums that feature experts in your field.

2. Take a deep breath.
Don't rush into decisions, no matter how urgent they seem. Take time to reflect on all potential outcomes, and seek advice before you make any decisions. It also helps to research similar companies and examine case studies. The more information you have in your arsenal, the more likely the decision you make will be the right one.

3. Reflect on the mistakes.
When things go wrong or you use poor judgment, figure out how you could have made a better decision. This exercise will grow your character and help you approach similar situations more effectively.

(Video) Best Advice to Small Business Owners

Related: 4 Tips for Rapid Startup Growth

4. Set up clear communication channels.
While it isn't always fun to hear complaints about your management style, it is necessary to keep on top of your company and employee morale. Make sure you have a system in place for employees to air grievances, as well as provide you a constant loop of feedback.

5. Utilize an executive coach.
Even with decades of experience, Google's Eric Schmidt found an executive coach and advocates that everyone else get one too. People evolve constantly, and in the fast-paced world of startups, a coach can help you focus on that growth.

(Video) 6 Ways to Create Generational Wealth And How To Pass It Down To Your Kids

6. Know yourself.
This job isn't easy. Lean on your closest relationships for support and develop your own sense of self. When you are comfortable in your own skin, you'll be a more mature leader.

What other tips do you have for growing with your company? Let us know in the comments below.


1. Why I Bought $21,589 of MPW Stock this Week
(Let's Talk Money! with Joseph Hogue, CFA)
2. How to Create a Company | Elon Musk's 5 Rules
3. Grow Your Business | How to Grow Your Small Business Successfully with this Advice Hindi
4. LiveGood Team Growth (Step 6 LiveGood Marketing Techniques)
(Catina Willis TV)
5. 3 Steps To Grow Your Business FAST
(Dan Lok)
6. 6 Great Ways McCallys Helps GROW Your Company With Procurement Outsourcing: Learn More(Click Here)
(Mccallys Procurements)
Top Articles
Latest Posts
Article information

Author: Arline Emard IV

Last Updated: 31/07/2023

Views: 6524

Rating: 4.1 / 5 (52 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Arline Emard IV

Birthday: 1996-07-10

Address: 8912 Hintz Shore, West Louie, AZ 69363-0747

Phone: +13454700762376

Job: Administration Technician

Hobby: Paintball, Horseback riding, Cycling, Running, Macrame, Playing musical instruments, Soapmaking

Introduction: My name is Arline Emard IV, I am a cheerful, gorgeous, colorful, joyous, excited, super, inquisitive person who loves writing and wants to share my knowledge and understanding with you.