Greed for Growth vs. Stability: Why Scaling Too Fast Could Kill Your Business

Let me be honest with you right from the jump. This piece is personal. It is not a theoretical

think-piece written from the safe distance of academia. I co-founded a clean-tech electric vehicle company from scratch—the kind that starts with a big idea, a small team, an even smaller budget, and an almost embarrassing amount of optimism. So when I talk about the greed for growth and what it costs you, I am not talking from a podium. I am talking from the trenches.

And from those trenches, I want to tell you something critical: the most dangerous thing that can happen to a young, promising business is not failure. It is explosive growth on an unstable foundation.

Counterintuitive? Stay with me.

“The fastest way to kill a business is to scale before you are ready. The damage is rarely visible — until the whole thing comes down.”

The Applause That Comes Before the Collapse

We live in the age of the headline. LinkedIn is flooded every Monday morning with posts celebrating 300% year-on-year growth, seven-figure funding rounds, and teams that tripled in size between January and December. Everyone is posting results. Everyone is screaming numbers. And if you are a founder trying to build something real, it is nearly impossible not to feel the pressure.

But here is what nobody tells you in those posts: the numbers are frequently not the whole story. Behind many of those breathtaking growth figures are organizations that have outrun their own capacity—businesses that hired too many people too fast, expanded into too many markets with too thin a product, or posted revenue that was propped up by investor cash rather than genuine commercial traction.

Consider the dramatic story of WeWork. At its peak, WeWork was valued at $47 billion. Its founder had convinced the world that they were not just a co-working company, but a community, a consciousness, a movement. In reality, they were hemorrhaging cash at a historic rate while papering over the cracks with charisma and branding. When they filed for an IPO in 2019, investors finally got a look at the books. The valuation cratered almost overnight, the founder was ousted, and the company nearly collapsed entirely, eventually filing for bankruptcy in 2023.

The foundation was not built. The growth was not earned. The applause came before the collapse—and when the collapse arrived, it was deafening.

REALITY CHECK: Speed of growth is not evidence of business health. A tree that shoots up too fast without deep roots is the first to fall in a storm.

The Three Things Nobody Consolidates (But Should)

In my experience—and in watching businesses around me closely—there are three areas where the greed for growth does the most silent, structural damage. These are three things that founders routinely neglect to consolidate in the mad rush upward:

1.  People

Human resources. Not HR in the bureaucratic sense of the word, but the actual human beings who make the business run. When you are scaling fast, you hire fast. You bring in bodies to fill gaps. But you rarely invest the time to onboard them properly, align them to the culture you are trying to build, or give them the support structures they need to succeed.

What you end up with is a team that is physically present but spiritually scattered. Everyone is working, but nobody is quite sure what they are working towards. When the pressure of growth intensifies, that misalignment becomes fractures, and fractures become fault lines.

2.   Processes

There is a romantic notion that great companies run on pure talent and raw energy. The truth is unglamorous: great companies run on boring, repeatable, well-documented processes. When you are growing at breakneck speed, processes are always the first casualty. You improvise.

You wing it. You rely on the founders knowing everything, remembering everything, deciding everything. It works—until it does not. When a company scales past a certain point on improvisation, the whole machine begins to jam. Decisions slow down. Errors multiply.

Customers start to feel it.

3.   Consistent Results

Not spectacular one-off wins, but the boring, dependable, repeatable delivery of value. Every time. Without exception. Companies that chase growth over stability often have a spectacular quarter followed by a dismal one. The numbers swing wildly. While the founders celebrate the highs and explain away the lows, the underlying problem is never addressed: the business has not figured out how to deliver consistently because it has been too busy trying to grow spectacularly.

“Great companies are not built on exceptional quarters. They are built on exceptional consistency.”

The Startup Vanity Olympics — And Who Really Wins

There is an unspoken competition among founders and startups that I call the Vanity Olympics. Who raised the most money. Who has the most users. Who made the most noise at the last conference. Who got the most press.

And like the actual Olympics, everyone trains for the performance—not for the life after the performance.

Look at what happened with Jumia. The e-commerce company that was once heralded as

Africa’s Amazon went public on the New York Stock Exchange in 2019 to tremendous fanfare. The stock spiked. The narrative was electric.

Then reality arrived. The underlying economics were broken. Fraud in their agent network was widespread. Customer returns were eating into margins. The business model that looked compelling on a growth chart looked very different when scrutinized on a path-to-profitability chart. The stock eventually lost more than 90% of its value from its IPO peak. Not because Africa is not ready, but because the business was scaled before it was stabilized.

Yet, the response from many in the ecosystem was deflection. Every external factor was summoned to explain the failure. The one thing rarely examined with any seriousness was the internal foundation—the decisions made in the pursuit of growth that left the business structurally exposed.

THE HARD TRUTH: When businesses fail, owners are typically the last to look in the mirror. Accountability starts at the top, or it does not start at all.

When Growth Becomes the Boss

I have had my own version of this reckoning. There was a period in building our business where every conversation internally was about targets. More units. More routes. More revenue. More staff. More locations. Growth, growth, growth.

For a while, it worked. The numbers looked good. We had genuine momentum. But underneath, cracks were forming. Our operations were not keeping pace with our promises. Our team was stretched. Our processes were duct-taped together. We were running on adrenaline and ambition rather than on well-engineered systems.

The consequences were predictable. Delivery reliability slipped. Team morale softened. We started spending more time putting out fires than we did building the business. The growth we had worked so hard for was actually making the business more fragile, not more robust.

What changed things for us was a deliberate decision to slow down long enough to build what we should have built in the first place. To document our processes. To invest in our people. To chase consistency in delivery before we chased the next big expansion.

It was not the sexy decision. Nobody applauds the business that takes a quarter to consolidate. But it was the right one.

“Consolidation is not retreat. It is the act of making your gains permanent.”

The Burning Houses: More Lessons From the World

The cautionary tales are not scarce. Nokia dominated the mobile phone market but failed to flex when smartphones arrived. Their culture of growth preservation prevented anyone from sounding the alarm loudly enough. They lost because their foundation could not adapt.

Toys ‘R’ Us dominated its category for decades but failed to build its own digital capabilities when e-commerce arrived. They rested on their growth legacy rather than investing in the infrastructure for the next stage.

Closer home in Nigeria, we have watched companies expand aggressively into areas they had no business entering, simply because the pressure to post impressive group-wide growth figures overrode the sensible question: are we actually ready for this?

PATTERN: In nearly every business collapse, the warning signs were present long before the failure. The difference between those who survive and those who do not is almost always this: the willingness to address structural weakness before it becomes structural failure.

Strong Advice Before You Turn the Page

If you are building a business, here is my counsel, offered from lived experience:

  1. Audit your foundation before you scale. Not your numbers—your infrastructure. Ask yourself honestly whether your people, your processes, and your delivery systems are ready to handle twice the load you currently carry. If the answer is no, fix that before you go looking for the next opportunity.
  2. Resist the comparison trap. The startup on LinkedIn posting 400% growth is not your benchmark. You do not know what is underneath that Build to your own rhythm and your own standard.
  3. Make consolidation a strategic priority, not an Schedule it. Budget for it. Every period of significant expansion should be followed by a period of intentional consolidation.
  4. Build a culture where bad news travels fast. Create an environment where honest assessment is celebrated and people feel safe raising the flag when things are not
  5. Own your When things go wrong, resist the temptation to look outward for blame. The business is yours. The decisions were yours. The foundation was your responsibility. Start there.

Impressive growth numbers will always turn heads. But a business that lasts is not built on impressive numbers alone. It is built on honest foundations. On people who understand what they are building and why. On processes that work when the founders are not in the room. On results that are dependable every single week.

That is the business worth building. Build it well. Not just fast.

Related Posts

sylvester, happy new year, sparkling wine

Cheers to 2025

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

How to Build Genuine Confidence

I want to tell you something about confidence that most people get spectacularly wrong.
And I mean that without arrogance — because I got it wrong too, for longer than I care to admit. I walked into rooms with my chest out and my chin up and told myself that was confidence. I practiced certain expressions in the mirror before big presentations. I rehearsed answers to imagined tough questions in the shower until the water ran cold.
I looked confident. I performed confidence quite convincingly, if I do say so myself.

How to Have a Difficult Conversation without Destroying the Relationship

There is a conversation you have been postponing.
You know the one. It has been living rent-free in the back of your head for days, possibly weeks. You have rehearsed it in the shower. You have drafted opening lines in your head while stuck on the Third Mainland Bridge. You have imagined seventeen different versions of how it could go, and approximately sixteen of them ended badly.
So you have said nothing. You have smiled when you did not feel like smiling, agreed when you wanted to disagree, and quietly let something important fester because the alternative — the actual conversation — felt like detonating a device in a room you still have to live in.

THE PYRAMIDS OF GIZA: A Monument to Everything We Do Not Know Egypt’s Impossible Gift to a World That Cannot Explain It (Part 2)

There is a category of question that polite intellectual company tends to avoid: the kind that, if you pull the thread long enough, begins to unravel not just a specific mystery but the entire fabric of what we think we know about human history. The Pyramids of Giza are that thread. They have been standing in the Egyptian desert for roughly 4,500 years.

ATLANTIS: The City That Never Was — or the City We Have Never Found

Let me take you somewhere. Not to the bottom of the Atlantic Ocean — at least, not yet. First, to Lagos. Nigeria. Sometime in the late 1980s. A teenager who should probably have been revising for exams is instead sitting cross-legged on the floor of a library, holding a book that is older than most of the furniture around it, reading about a city beneath the sea.

The Burden of Forever: Why “The Age of Adaline” Stays With You

This is my story of discovering a film that challenged everything I thought I knew about the gift of time, every pulsating detail documented to inspire you to leap beyond your limitations and appreciate the beauty of growing old.
This story explores the paradox of immortality and why a movie from 2015 still resonates so deeply with audiences today.
I hope you find it worth your time.

THE PYRAMIDS OF GIZA: A Monument to Everything We Do Not Know Egypt’s Impossible Gift to a World That Cannot Explain It (Part 1)

There is a category of question that polite intellectual company tends to avoid: the kind that, if you pull the thread long enough, begins to unravel not just a specific mystery but the entire fabric of what we think we know about human history. The Pyramids of Giza are that thread. They have been standing in the Egyptian desert for roughly 4,500 years.

THE TAOS HUM: The Sound That Is Slowly Driving People Mad And the World Cannot Explain Why

There is a peculiar kind of madness that does not arrive with hallucinations or trembling hands. It arrives quietly. At two in the morning. In a small desert town in New Mexico. It sounds like an idling diesel engine somewhere in the distance — except there is no engine. It sounds like a bass note being held by an invisible orchestra — except there is no orchestra.

THE BERMUDA TRIANGLE

Let me confess something. Long before LinkedIn articles, podcasts, and leadership keynotes became my world, I was a teenager sneaking to the library

I Parked My Car Five Minutes Away: So the Kids Wouldn’t See It.

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.

Wired for Me

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.

When the Burnt Toast Saves Your Life

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.

Facebook
Twitter
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

Add Your Heading Text Here


Discover more from Akin Akingbogun

Subscribe to get the latest posts sent to your email.

error: Content is protected !!

Discover more from Akin Akingbogun

Subscribe now to keep reading and get access to the full archive.

Continue reading

Contact Us

Just write down some details about you and we will get back to you in a jiffy!