Growth is one sign of a business’s success, and it’s essential for a company’s viability and survival. However, many startups and small- to medium-sized businesses (SMBs) find it difficult to grow and become large corporations. According to a 2019 study, the average one-year survival rate of new businesses from 2008 to 2018 is 78.7%, but only a third of these establishments survive at least 10 years.