The main objective of this study is to examine the relationship between organizational learning and growth of small and medium enterprises (SMEs) in the Republic of North Macedonia. SMEs frequently exhibit accelerated growth trajectories relative to their larger counterparts, a phenomenon ascribed to diverse facets of organizational learning. Given the pivotal role of SMEs in overall economic activity and expansion, this paper scrutinizes the specific aspects of organizational learning influencing the growth of SMEs. Consequently, a quantitative research approach was employed, utilizing structured interviews conducted with 45 Managing Directors of SMEs operating within the Republic of North Macedonia. The findings of the research contribute to the existing literature with the new findings related to the relationship between growth of family business and learning. It was found that there is a positive association between growth and implementation of incentives for staff thus acknowledging their contributions to the organizational learning processes. On the other hand, a negative relationship was identified between the absence of open communication channels and growth. The implications of these findings are important for general managers of SMEs as they endeavor to foster growth through strategic learning initiatives. The specific recommendations are about training related to the development of existing skills or training in new ideas that could potentially bring innovation to the company. The findings emphasize the importance of fostering a learning culture within companies, highlighting the need to create an environment where continuous learning is encouraged and valued across all organizational levels.