Blog 17: Answer 3

EQ: How can a fruit and flower owner-manager best organize and grow her family business?

Answer 3: Owner-manager needs to analyze all options for growth and assess how much growth is possible within the two stores.

3 Details:

• An Owner-Manager is essential to the business. This is why I have included this word in my EQ. Both of my mentors are owner-managers and they are the only ones  who know the business as if its their child and they can only determine its future.
• Growth is faster to achieve in a small business. Since our business is still small (25-50 employees) we are able to expand at a much faster projected rate.
• Growth needs to be assessed. Faster is not necessarily the best. Sometimes rapid change can cause many unidentified factors of destruction.

Kotter, John P. "Chapter 1." Accelerate. S.l.: Harvard Bus Review, 2014. N. pag. Print.

Eliadis, Dino. "Why Do So Many Small Businesses Struggle with Growth?." Journal of Business and Entrepreneurship, 24.2 (2013): 127.

Phillips, David. "Towards Relationship Management." Journal of Communication Management, 10.2 (2006): 211-226.

This is my last answer because the first two were mostly dealing with organization. This is the answer that corresponds with growth.