There comes a time in the life of a growing company when you, as the founder and top manager, realize that the company has gained momentum of its own. You influence it, of course, but you are increasingly overwhelmed by it." – John Peterman Before examining how an entrepreneur manages a growing business, it is important to understand that as businesses mature, they go through different phases, and that in each phase the entrepreneur will encounter different problems. Therefore an entrepreneur MUST be ready with the proper knowledge and skills to address these issues. The growth phase of an entrepreneurial venture can be divided into two. These are the early and later growth stages. In the early stage, the company may have a tendency to overcommit its capabilities because it is oriented towards sales rather than profitability. In the next phase, the company focuses more on creating its vision of the future where the emphasis is on the profitability of each venture and not simply closing sales. To meet these challenges, an entrepreneur must be aware of how to manage growth without becoming entrenched in the workload they became accustomed to during the startup phase. Financial resources may also need to be reviewed as older facilities may not be able to cope with expansion demands. And since changes are continually implemented, the entrepreneur must be able to monitor the improvements and drawbacks of the new direction the organization is following. Therefore, during these crucial stages, an entrepreneur must focus his attention on the following three aspects of his business: Controlling People Financing People During the early stages of an entrepreneurial venture, the company will need members who are compassionate towards growth of the company. A lot of flexibility will be needed as adjustments will need to be made. The people needed may not necessarily have high-level skills for certain skills, but they definitely need to have the drive to push performance to the next level. At this stage, hard work matters more than experience. As the company grows, there will be a need for more specialized skills and possibly more knowledgeable members. An entrepreneur can look within his organization and promote high-performing members or he can choose to look for those who can “hit the ground running”.”.