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| Author: | Malburg, C. |
| Title: | Surviving explosive growth |
| Journal: | Journal of Accountancy
1997 : DEC, VOL. 184:6, p. 67-74 |
| Index terms: | GROWTH FINANCE SUCCESS |
| Language: | eng |
| Abstract: | The company president looks up wearily from his cluttered desk and says to the chief financial officer (CFO), "I don't get it. Sales are booming. Each year we see gains of 25% to 35%. We're three years old and already we're the darling of our industry. So - how come we are not making more profit?" Such a conversation is not that unusual at fast-growth companies. Most entrepreneurs know that success is elusive in the early years, but few realize the danger when revenues soar suddenly. |
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