It's only the outside forces, like investors or banks, that demand certain growth rates. If you own it yourself, you demand that growth of yourself. By the way, 20 percent+ is outstanding growth, 7-8 percent per year is higher than average.
Tim Berry is the chairman of Eugene, Ore.-Palo Alto Software, which produces business-planning software. He founded Bplans.com and wrote The Plan-As-You-Go Business Plan, published by Entrepreneur Press. Berry is also a co-founder of HavePresence.com, a leader in a local angel-investment group and a judge of international business-plan competitions.