What is an acceptable rate of growth for a small business during the first five years?
I have a small health care related business that I purchased from another doctor five years ago. Collections increased 20 percent in the first year of ownership, 22 percent in the second year of ownership, 8 percent in the third year of ownership and 7 percent in the fourth. What is a reasonable percentage of growth in collections from year to year? Am I looking at the right number by measuring growth in collections?