Of the more than 10,000 business books that are published each year, few, if any, focus their attention on the all-but-forgotten midsized company. Armfuls of books on startups and Fortune-level organizational practices won’t help a business moving into young adulthood.
“There are almost 200,000 companies today with revenues between $10 million and $1 billion—midsized, as defined by Ohio State University’s Fisher College of Business—and they account for about a third of U.S. GDP and a third of all U.S. jobs,” writes Robert Sher, author of the terrific new book, Mighty Midsized Companies: How Leaders Overcome 7 Silent Growth Killers.
This was news to me. As I’ve never read a book exclusively focused on this market segment and because every small business hoping to become a large company some day must first travel through the midsized stage, I wanted to learn more about the inherent perils of that journey, so I talked to Sher.