This document outlines 10 major management challenges that can be faced when growing a company rapidly. These include defining roles functionally rather than by individual names to allow for change, overcoming biases in hiring, inverting the hierarchy so executives serve teams, dealing with success by expanding operations, managing cash flow when large orders deplete funds, spinning off new divisions when the company hinders success, avoiding acquisition from well-funded competitors, disrupting the competition strategically, reducing tax burdens that decrease free cash flow, and integrating acquired competitors. The challenges are all equally important depending on the company's stage of growth.

1. Top Ten Management Challenges
1. Start-up growth, always define functions instead of positions with peoples names,
because the names will be recast as you rapidly grow, and some will not survive.
1. Getting over the 'A' player hiring, the 'B' players, hiring the 'C' players, etc..
1. Turning the hierarchy upside down so that executives serve their teams correctly.
1. Surviving success, "Honey we caught an elephant, dear we need a bigger village to
eat it" problem.
1. The time you run out of money and need to hold payroll, because the big order just
took all your cash.
1. When your own company becomes the enemy to success, time to spin off a new
division of frontierspersons.
1. Your success has caught the attention of a time and money on their side hedge fund
and they want you.....run!
1. Disintermediating the competition, utilizing bold but conservative moves.
1. Keeping the cost of Government from taking 80% of your free cash flow
1. Integrating a company that you just bought, that was a former competitor.
 Those are the big ones I have faced in 35 years.... they are all #1's depending on
what stage you are in.