Many small and new entrepreneurial ventures fail because the owners cannot manage the growth and the life cycle of these ventures. The management of growth is quite often ignored in business management books and especially in many entrepreneurial start-up courses and material.</p>
<p>This book’s objective is to serve as a guide for the entrepreneurial (growing) business venture. South Africa needs businesses to grow in order to create value in the market place and to create employment opportunities. Many new ventures ‘stagnate’ and become lifestyle businesses rather than fulfilling the promise of creating employment, as small businesses in other developed countries do. This book takes the reader through the problems of the venture life cycle and the reasons for business failure. It also looks at the various growth strategies that must be followed as well as the options in respect of each strategy. Finally, it also covers the various ways of financing growth. Several South African case studies are presented.