Beyond the Build

Management

Metered Growth

Our economy is edging up by the quarter. While I do not believe 4.5% GDP growth is sustainable, it would be nice to think we will be somewhere around 2 – 2.5% at year’s end. We are still the world’s leaders right now, and this makes me smile.

About this time in the cycle, it seems everybody keeps thinking about growing, acquiring, M&A and adding everything else that may not be healthy longterm but seems right at this time.

To me, there are a couple of growth avenues. One is metered, defined, strategic and thoughtful. The other is rapid and not sustainable. While we will never have another financial crisis in our lives (or better said in the next 70 years) there will be downturns. Grow strong; grow slow. And in the meantime, enjoy what you have and be thankful.

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Merrill Stewart Jr.

Merrill Stewart is Founder and President of the Stewart Perry Company, a commercial building contractor based in Birmingham.