skip to Main Content
MSJ NEWS see latest news

Harvard Lecturer Offers Advice to Entrepreneurs: Slow Things Down

  • With some businesses and investments expanding rapidly, a Harvard lecturer and venture capitalist touts the benefits of a slower approach
  • Even when under pressure to proceed rapidly, businesses can benefit by pursuing efficiency and deliberate, sustainable growth
  • Strategies include evaluating your team, brainstorming solutions, and addressing non-financial “debt”

Summary by Dirk Langeveld

With many businesses experiencing rapid growth and venture capitalists ramping up their investments in early-stage companies, a Harvard lecturer is encouraging entrepreneurs to avoid proceeding too quickly when building their business.

Jeffrey Busgang, a senior lecturer in the Entrepreneurial Management Unit at the Harvard Business School and the co-founder and general partner at an early-stage venture capital firm, says companies can easily feel pressured to proceed at a rapid clip under such conditions. He cautions that pursuing better efficiency and more deliberate, sustainable growth can be a better approach.

Busgang said benefits of a slower approach include:

  • Entrepreneurs can reevaluate their teams and make necessary adjustments, including adding new staff, reassigning roles, or providing coaching and training to existing employees
  • The ability to brainstorm more innovative approaches for finding new markets and other business strategies
  • Addressing non-financial “debt” associated with rapid growth, including sacrificing company culture, taking shortcuts for expediency, or focusing on short-term needs without looking to long-term goals
  • Building stronger relationships with your team, customers, and others

Spread the Word

More To Explore

Expert Summaries

Know Your Competitors

By Denis Jakuc 

There are tons of benefits to knowing who your competitors are—what they’re offering, their strengths and weaknesses. That knowledge can help you make your products and services stand out,

Latest News

Join with Free InnovatorsLINK Account

Start accessing all the free member benefits and valuable content on the InnovatorsLINK platform. Create a BizLINK listing to boost brand exposure, receive the weekly Main Street Journal newsletter, engage in forums, get full access to free content, and more.