
Cheers to 2025
Every New Year holds promise, as though it is any different from the turn of
“The ruin of a nation begins in the homes of its people. Growth without foundation is not progress. It is a countdown.”
— Ashanti Proverb, adapted
There is a version of ambition that builds. And there is a version of ambition that consumes. From a distance — and especially from inside it — they look almost identical. Both are energetic. Both are forward-moving. Both speak the language of vision and possibility. The difference only becomes visible later, usually at the point of fracture, when what was built begins to come apart under the weight of what was promised.
This is the Growth Trap — and it is one of the most seductive leadership failures in the catalogue, because it arrives dressed not as recklessness, but as ambition. It feels like courage. It is celebrated, funded, and applauded — right up until the moment it isn’t.
The Growth Trap is what happens when a leader’s drive for advancement — for scale, for market share, for revenue, for relevance — systematically outpaces the organisation’s capacity to absorb and sustain that advancement. It is not the desire to grow that is the failure. Growth is not the enemy. The failure is the refusal to ask, with rigour and honesty, whether the foundation beneath the ambition is strong enough to carry it.
In Nigerian business culture — where the pressure to scale is intense, investor expectations are high, and the temptation to announce before you have built is ever-present — this particular trap claims more organisations than most leaders will admit. The rapid expansion into new markets before the core market is profitable. The hiring surge that outpaces the cultural infrastructure to absorb it. The funding round that buys speed but leases the discipline to deploy it wisely. The pivot that chases trend rather than following genuine capability. Each of these is a version of the same fundamental error: mistaking the pace of movement for the quality of direction.
THE ANATOMY OF THE TRAP
How Growth Becomes a Liability
Growth, at its best, is the natural consequence of an organisation doing something valuable and doing it well. It emerges from capability, not just appetite. The Growth Trap begins the moment a leader inverts that sequence — when growth becomes the goal rather than the outcome, and the organisation begins to stretch itself toward a future it has not yet built the capacity to inhabit.

Structurally, the failure manifests in predictable ways. Systems that were adequate at one scale break under the load of the next. Processes that worked informally at fifty people collapse at five hundred. Culture — that invisible, irreplaceable binding agent of any organisation — becomes diluted, inconsistent, or entirely lost in the rush to fill headcount. Financial models that appeared conservative in a projection spreadsheet prove dangerously optimistic when they meet the friction of operational reality. And through all of it, the leader presses forward, because stopping feels like losing, and the market — real or imagined — seems to reward only those who move fastest.
What tends to make this failure so costly is the lag between the decision and the consequence. The damage done by growth without foundation does not always show up immediately. Organisations can run on momentum, on investor confidence, on the inertia of a strong brand — for quite some time — before the structural weaknesses become visible. And when they do become visible, they tend to become visible all at once, with a speed and comprehensiveness that feels, to those inside, like a sudden collapse. It was not sudden. It was accumulating quietly, the entire time.
“The strength of a building is not in its height. It is in its foundation. Raise the walls before the base is set and you are not building — you are staging a collapse.”
— Akin Akingbogun
A GLOBAL ILLUSTRATION
WeWork: The Anatomy of a Collapse Built on a Vision
Few corporate stories of the last decade illustrate the Growth Trap with more vivid clarity than the rise and near-implosion of WeWork. At its peak in 2019, WeWork was valued at $47 billion, having expanded to more than 100 cities across 29 countries. Its founder and CEO, Adam Neumann, was celebrated as a visionary — a leader who had transformed the humble concept of shared office space into a global movement built around community, consciousness, and disruption.
The reality beneath the valuation told a different story. WeWork was losing approximately $219,000 every single hour. Its lease obligations extended decades into the future while its revenue model remained structurally fragile. Internal governance was described by analysts as chaotic. The business had grown at a velocity that its culture, its systems, and its economics had no realistic prospect of matching.
When WeWork filed for its IPO in 2019, the prospectus exposed the gap between the vision and the foundation with merciless transparency. Investors recoiled. The valuation collapsed from $47 billion to under $8 billion within weeks. Neumann was removed from his role. Thousands of employees were laid off. A company that had been celebrated as a generational enterprise became a masterclass in what happens when the story of growth is mistaken for the substance of it.
WeWork did not fail because its idea was bad. It failed because its leadership allowed — and actively celebrated — a pace of expansion that was architecturally incompatible with the organisation’s ability to deliver sustainable value. Growth was the identity. And when an organisation makes growth its identity rather than its outcome, it loses the internal permission to slow down, to consolidate, to strengthen the foundation. The accelerator becomes the only gear available.
“It takes twenty years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
— Warren Buffett
HOW TO IDENTIFY THIS AS A LEADER
The Questions That Growth Culture Discourages You from Asking
The Growth Trap is particularly difficult to self-diagnose precisely because the culture surrounding high-growth leadership actively discourages the questions most likely to reveal it. Caution is rebranded as timidity. Consolidation is coded as stagnation. The leader who says “let us be sure the foundation is solid before we add the next floor” risks being seen, by their board, their investors, their peers, as someone who lacks the vision for what is possible.
Ask yourself these questions — and resist the instinct to answer them with the optimism that got you this far.
▸ Can your current operational systems genuinely support the scale you are planning for — or are you assuming they will adapt?
▸ Does your culture travel? Would a new team member in your third office, your newest market, your most recently acquired entity describe the same values and working norms as your founding team?
▸ Is the growth you are pursuing being driven by genuine demand and capability — or by the pressure to justify a valuation, satisfy an investor, or keep pace with a competitor?
▸ When people raise concerns about pace or capacity, what happens in that conversation? Are they heard, or are they quietly labelled as obstacles to the vision?
▸ If growth stopped tomorrow — if the expansion paused entirely — would the organisation you have right now stand on its own foundation as a healthy, functional, profitable entity?
That last question is the most important. Because an organisation that cannot stand still is not stable. It is dependent on momentum to mask its structural
weaknesses. And momentum, as every leader eventually learns, is a borrowed resource — not an owned one.
HOW TO IDENTIFY THIS AS A FOLLOWER
What It Feels Like When the Foundation Is Cracking
When you are inside an organisation where growth has outpaced its foundations, the experience has a distinctive and disorienting quality. Things are always exciting. There is always a new announcement, a new market, a new initiative. The energy is high. But underneath the excitement, something does not quite hold together.
▸ Roles and responsibilities shift so frequently that people are never entirely sure what they are accountable for.
▸ Processes that should exist do not — or they exist on paper but not in practice, because nobody has had time to embed them properly.
▸ The organisation’s stated values and its actual daily decisions increasingly diverge. The gap is noticed by everyone and discussed by no one, at least not upward.
▸ Senior leadership seems perpetually oriented toward the next horizon — the next round, the next launch, the next market — with limited bandwidth for the operational reality of the present one.
▸ There is a pervasive sense of being permanently behind, of running to catch up with a version of the organisation that was announced before it was built.
If this is your experience, you are likely watching the Growth Trap in real time. The difficulty, from this vantage point, is that it can feel indistinguishable from the normal turbulence of a genuinely fast-growing, healthy organisation. The distinguishing question is whether the chaos is generative — producing something solid and lasting — or whether it is merely perpetuating itself, each new initiative launched before the last one has been properly absorbed.
WHAT IT COSTS
The True Price of Ungoverned Ambition
Structural fragility that only reveals itself under pressure. Organisations built faster than their foundations can support tend to perform adequately in favourable conditions and catastrophically in difficult ones. The stress test of a market downturn, a key client loss, or a funding gap exposes every structural weakness that growth velocity papered over. And unlike the slow, visible warning signs of a building constructed badly, organisational fragility tends to reveal itself suddenly — leaving little time to respond.
The best people leave first. High-performing individuals have options. When they find themselves inside an organisation that is growing chaotically — where clarity is absent, accountability is blurred, and the culture they joined has been diluted beyond recognition — they do not wait for the collapse. They leave early, quietly, and with their credibility intact. What remains, over time, is a workforce increasingly composed of people who either cannot leave or have not yet decided to. Neither is a strong foundation.
Trust — internal and external — erodes. Customers who experience inconsistency at scale lose confidence. Employees who watch decisions made at the speed of ambition rather than the pace of wisdom lose faith. Boards and investors who see the gap between the narrative and the numbers lose patience. Trust, once eroded at scale, is extraordinarily difficult to rebuild — and the speed at which it was lost tends to be directly proportional to the speed at which the growth that preceded it was pursued.
THE REMEDY
Governing the Hunger
Distinguish between growth as outcome and growth as strategy. Growth is a result of doing the right things well. It is not, by itself, a strategy. When a leadership team makes growth the central organising principle of the organisation — the thing that all other decisions serve — they have replaced strategy with appetite. The better question is always: what do we need to do exceptionally well, and for whom, and why? Growth that answers that question is durable. Growth that precedes it is precarious.
Build the infrastructure before you need it. The temptation in fast-growth environments is to build operational systems reactively — to respond to scale rather than to anticipate it. This approach consistently costs more, produces more disruption, and creates more risk than the alternative. The discipline of building slightly ahead of your current need — investing in systems, culture, governance, and talent infrastructure before the next growth phase arrives — is one of the most valuable and least celebrated leadership practices available.
Create space for the contrarian voice. Every leadership team pursuing aggressive growth needs at least one person whose primary responsibility is to ask: are we sure? Not to obstruct — but to stress-test. The voice that questions the pace, examines the assumptions, and insists on scrutinising the foundation is not the enemy of ambition. It is its most essential companion. Leaders who surround themselves only with people who share their appetite for speed have removed the most important safety mechanism in their organisation.
Measure depth, not just distance. Growth metrics — revenue, headcount, markets entered, products launched — are easy to generate and easy to report. They tell you how far you have travelled. What they do not tell you is how solid the ground beneath you is. Build into your measurement architecture the metrics of foundation: customer retention, employee engagement, process adherence, cultural consistency, unit economics. These are slower to build and less exciting to announce. They are also the ones that tell you the truth.
Know the difference between speed and urgency. Not every opportunity has the expiry date that the energy around it implies. Some markets genuinely reward first-mover advantage. Many do not — they reward the organisation that arrives second, having watched the first mover absorb the cost of the learning curve. Urgency is real. But it is also one of the most reliably manipulated emotions in leadership. Examine it carefully before you let it govern your pace.
Ambition is not the failure. The failure is ambition untethered from the discipline to ask whether what you are building can hold the weight of what you are dreaming. The greatest leaders are not those who grew the fastest. They are the ones whose growth lasted.
Every tree that survives a storm does so not because it grew the tallest, but because it grew the deepest. Root depth is not the exciting part of the story. It is the part that determines whether the story continues.
Build deep. Then build tall.

Every New Year holds promise, as though it is any different from the turn of

In an era that increasingly demands hyper-specialization, Akin Akingbogun stands out as a refreshing anomaly. He is a man who refuses to be confined to a single box.

There is a particular kind of silence that falls on a man when the phone stops ringing, the proposals go unanswered, and the diary that once groaned under the weight of appointments sits quietly — almost mockingly — open. If you have ever been there, you know it.

Let me tell you something uncomfortable: the most generous person you know — the one who volunteers every weekend, donates quietly, never asks for anything in return — is probably getting something out of it. Not money. Maybe not even recognition. But something.

Adaeze had been awake since 4 a.m.
Not because she was anxious — though she was — but because this trip felt different. After eighteen months of follow-ups, phone calls, and PowerPoint presentations polished to a mirror shine, the deal was finally ready to close. An investor meeting in Abuja. A partnership that would change the trajectory of her small but gutsy consulting firm. She had triple-checked her flight, her documents, her outfit. She had prayed. She was ready.

When he told his father, Dare’s first response was a sigh. Then: “I told you to practice more. I told you months ago. You don’t listen. You never listen.”
There was no “I’m sorry, son.” No pause to let the boy simply feel the loss of the thing he wanted. Just a swift, seamless pivot to what Temi had done wrong — and, by extension, how Temi’s failure was evidence of Temi’s failure to take his father’s wisdom seriously.

I want to tell you something that took me embarrassingly long to learn. Not because the idea is complicated — it is not. But because it cuts against something deeply wired in us, something we are rarely honest enough to admit.

You are somewhere between forty and fifty-five. You looked in the mirror recently and had a thought you immediately dismissed. Maybe you googled something at 2am that you would never say out loud. Maybe you bought something expensive and impractical and told everyone it was an investment. Or maybe you just feel — quietly, persistently — like the life you built was supposed to feel better than this by now.

Anton Chekhov was a Russian physician and playwright — a man trained in the discipline of diagnosis before he became one of the most precise storytellers in the history of world literature. That combination of sensibilities matters, because the principle he articulated in the late nineteenth century was not merely a rule of dramatic craft. It was an observation about the nature of significance itself. About what it means for something to be present. About the relationship between introduction and consequence.

There is a prison that has no concrete walls, no iron bars, no guards posted at the gate. Nobody built it for you. Nobody sentenced you to it. And yet, for many people, it is the place they spend the better part of their lives — circling its perimeter, brushing their fingers against its invisible boundaries, and quietly retreating each time they feel the edge of something that might require more of them than they believe they can give.

Picture a hand holding sand. The tighter the grip, the faster the grains escape between the fingers. Ease the grip — open the palm, allow the hand to become a vessel rather than a vice — and the sand stays. This is one of the oldest paradoxes of leadership, and one of the least learned: that control, pursued too aggressively, produces the very loss of control it was designed to prevent.

There is a particular kind of organisational absurdity that most people who have ever worked in a company will recognise immediately. It is the policy that was clearly designed by someone who has never had to implement it. The restructuring that looked elegant on a slide deck and chaotic on the ground. The customer-facing process that was overhauled by a committee that has not spoken to a customer in years. The directive that arrives from above, fully formed and non-negotiable, that causes the people closest to the work to exchange a look — the kind of look that says, without words: they have no idea what we actually do here.

We have built an entire mythology around exhaustion. In boardrooms and business culture — perhaps nowhere more so than in the high-pressure, always-on professional culture many of us inhabit — busyness has become a currency. To be tired is to be serious. To be overwhelmed is to be important. To be burning out, quietly, is somehow proof that you are fully committed.

There is a particular kind of failure that never makes the headlines. It does not arrive with a scandal, a public collapse, or a dramatic resignation. It builds slowly, almost imperceptibly, in the space between what a leader sees and what they choose to say. It lives in the meetings that end without the real conversation ever starting. It grows in the silence after a poor decision goes unchallenged, not because nobody noticed, but because everyone agreed — unspokenly — that it was simply easier not to say anything.
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1 thought on “The Growth Trap”
A very enjoyable piece of writing! You’ve got great pictures for illustrations as well. I’m particularly impressed with the one with the TV message that reads “RESTRUCTURING NOTICE: REGIONAL OPERATIONS PAUSED” that sunk deep,lol.