High growth businesses go through various stages of development and it is difficult for hands-on, heavily involved founder/owner Entrepreneurs to take a detached view and know where they are at salient points of the growth cycle.
A business will typically be grappling with challenges and exhibit some characteristics at each phase of growth. Understanding where you are on the growth cycle and most importantly, what you need to do to move to the next stage, is critically important to ensure the business has a successful future. Typical challenges experienced at each stage are:
Start up – here energy and enthusiasm is […]
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