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Fast Growth Business

oboloo Glossary

Fast Growth Business

A fast-growth business is a company that has achieved high rates of growth over a sustained period of time. This usually refers to businesses with rapidly increasing revenues, assets, or both. Fast-growth businesses are ambitious and daring in their approach to business operations and often take risks to achieve success. They typically rely on strategic investments such as digital marketing, product development, and customer service to fuel their growth. These businesses often face unique challenges such as managing cash flow, recruiting top talent, and remaining agile enough to stay ahead of the competition.

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