To grow a business, one enormous hurdle must be overcome

Business owners seeking to expand sometimes have to loosen their grip on the reins in order to progress

For many businesses on a growth trajectory, the tension between control and capital is becoming commonplace. Picture: iStock

Growth is good. Businesses that want to expand are usually doing so because leadership recognises growth opportunities. It’s a sign of real ambition. Growth is also difficult.

There are many challenges that come with growth but addressing most of them requires clearing one enormous hurdle in particular. If you can’t access the funding required, the growth ceiling gets a lot lower, especially if you don’t want to give up control of the business. Sometimes, you’ve got to loosen the grip on the reins in order to progress.