According the Harvard Business Review small businesses must go through five stages of growth.

  1. Stage One:  Existence (key issues include formation, access to business credit, compliance, etc.)
  2. Stage Two:  Survival (key issues include cash flow and development of clients)
  3. Stage Three:  Success (key issues include transitioning owner’s role from day to day “working” to leadership)
  4. Stage Four:  Take-Off (key issue again is having adequate financial resources to grow/expand)
  5. Stage Five:  Resource Maturity

To find out more on the five stages of small business growth read the full article.

Harvard Business Review Article
Share This

Share This

Share this post with your friends!

If you are interested in scheduling a tour of (e)station Conyers please let us know.