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 thats 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 its difficult to get people who think long-term
value versus short-term compensation."