Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

Are your stakeholders supporting your business growth?

2 May 2024 · 0 min

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Mike Andes discusses how, as a business grows, existing stakeholders (employees, customers) may no longer fit the company’s new scale because they 'fall in love with the stage of the business that they joined at.' The speaker warns that stakeholders often become attached to the business state when they joined, which can create misalignment during growth.

Something I've been thinking about a lot recently is that as you grow a business, there are other stakeholders in the business that might not be fit for the size of business that you're building. And they fall in love with the stage of the business that they joined at. And so whether it be employees or whether it be customers, they're going to fall in love with the business at the time that they join.