1. Crisis = opportunity.
Inevitably, a young firm will experience some sort of upheaval: A partner may leave unexpectedly, or the firm may lose a key client. Such a crisis can force a firms leadership to confront fundamental questions such as why growth is stalled. A crisis forces me to confront the way Im running the business, says Slater. Handled constructively, a crisis can spur an honest evaluation of what your firm must do to reach the next level.