Amy Scott
๐ค SpeakerAppearances Over Time
Podcast Appearances
In a lot of cases, businesses are choosing to limit their growth, and not necessarily because the broader economy is forcing them to.
Nathan Rogge is the CEO of First Pacific Bank, which focuses on lending to businesses throughout Southern California.
He says even though there are literally millions of potential clients in SoCal, his growth plans for the bank this year are pretty modest.
Raghi says adding new clients requires time and resources.
Businesses often need specialized services, and the bank has to make sure it's only bringing on new clients that it can actually help.
Raghi says slow growth can also insulate the business from swings in the broader economy.
For some business owners, growth plans can boil down to what kinds of lives they want to lead.
That's Jeff Kaley.
He's the CEO of Kettle Mountain Apparel, an outdoor menswear brand.
For the past few years, it's doubled its sales annually.
But this year, he's only aiming to grow by 50%.
Which means he and his employees can work reasonable hours.
Cayley says as long as the business is turning a profit, all of that is still possible, however fast the business is growing.
I'm Justin Ho for Marketplace.
This final note on the way out today, I mentioned at the top we didn't get that Supreme Court decision on tariffs today.
The court did say its next opinion day is scheduled for Wednesday next week.
So maybe then.
Our theme music was composed by BJ Lederman.
Marketplace's executive producer is Nancy Fergali.
Joanne Griffith is the chief content officer.