Growth in a company is a vast research area in business science. A growing number of researches have been carried out in this scientific area both concerning companies in general and with a focus on small and medium sized enterprises. Among others Storey found a number of important factors related to growth in small businesses such as age of the company, size, industry, legal form, location and ownership. The purpose of this essay is to examine critical factor that are influencing growth in companies. Certain factors that researchers consider as significant for growth were chosen to analyse as well as additional financial factors that represent the enterprise’s financial performance. The essay analysed the IT-industry in Värmland followed by a comparison with the other industries in this region. The IT-industry was chosen due to its rather turbulent development in recent years. We used a linear regression analysis to see which factors are related to the growth measures sales growth and profit growth. The study showed that it isn’t possible to find a significant linear correlation between these factors and growth for this particular period. This was substantiated by an analysis of the situation of each year where we could find a correlation but not for the whole period which is essential to be able to analyze growth. Instead it was possible to see that the factors that should have a relation to growth vary in different combinations from year to year. Thus it isn’t possible to see a linear correlation between the chosen variables and growth. One reason might be the turbulent development of the IT-industry during this period. One correlation that could be examined is between the variable number of employees and sales. The fact that number of employees has a positive correlation for every year might be a indication that this factor is important for growth. Concerning the other industries the variable, depreciation has a positive correlation which indicates that companies’ investments effects growth.