The majority of businesses fail to grow, observes Verne Harnish, writing for Fortune. But although most are only small ventures, unlikely to become the next Google or Amazon, there is still plenty of potential going to waste.
According to Harnish, to become a thriving, mid-market company, it is necessary to overcome the following three barriers to growth:
1) The inability of the CEO to let go. The author comments: “Either the owner thinks he’s the only person capable of getting things done or tried to delegate once but got burned by a bad hire and can’t trust anyone again.”