Federal small business programs are valuable. But they can also inadvertently stunt or even slash the growth of companies that the programs are intended to help.
First, small business owners with big ambitions can capture big wins that pump up their revenue beyond their small business size standards. But without the support of federal small business programs, more than a few can’t win new work to sustain that growth. When the company shrinks again, that slide back into small business status means lost jobs.
Then there’s those that deliberately cap their business growth to hang on to the advantages of small business programs. Their plan is either to hold steady, or get acquired. That holding pattern represents lost opportunity.
But stagnation and backsliding aren’t inevitable. Practical tactics can help in the short term.