The Australian Centre for Entrepreneurship Research [ACE] at the QUT Business School hosted three events to inspire and build business as part of 2014 Queensland Small Business Week, an initiative supporting and celebrating the important role of small business in the Queensland economy. Presented by Professor Per Davidsson, Director of ACE summarizes some of the highlights in an accessible and entertaining form in relation to: what is gained and lost when a firm grows larger? Where do “high growth firms” come from; what challenges do they meet – and are they able to sustain their growth over time? What risks and opportunities are associated with different forms of growth, such as domestic vs. international expansion; organic vs. acquisition-based growth; “mere” volume expansion vs. growth through new products and new markets? When should and should not sales growth be accompanied with internal growth in personnel? Last but not least – how are growth and profitability related? Do firms become profitable as a result of their growth, or is it the other way round? During the last 20 years a lot has been learnt from systematic, large-scale research about the drivers, forms, and consequences of growth in small firms.