STARTING A BUSINESS is tough, but growing a business can be tougher. Once your good idea has taken off, how do you determine how fast you can expand your business? When should you go public–
or should you go public at all?

Growth might require more capital, more plant capacity, more production resources. It almost certainly will require more human resources, and that’s a major challenge. "The most difficult thing in the world we live in today is getting the right people," said Michael Herzberg, ’80, cochairman of FPL Advisory Group, a Chicago-based real estate and financial services advisory firm. "The labor market is tight, and it’s difficult to get people who think long-term value versus short-term compensation."

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