
13 May 2015, 17:25 — 4 min read
Starting a business is indeed a big accomplishment; but keeping the business running (and thriving) is the greater challenge. As a small business owner, you may wonder what action you must take to expand your business and where your business stands in the growth cycle. A landmark and illuminating study by Harvard Business Review has defined the five stages of small business growth. Recognising these stages, can help small business owners and entrepreneurs tackle problems and opportunities that arise at different stages of their business.
Find out where you stand in the five stages of small business growth & how you can leverage each stage.
Grasping the stages of small business growth and their inherent challenges can help you ascertain where you are in the growth cycle, and help you gauge what’s going to be needed to succeed. For instance, business owners have to devote a huge amount of time during the initial start-up phase of the company, and then have to learn to delegate and diversify as the company grows.
As Paul Ryan says, “Behind every small business, there’s a story worth knowing.” Share with us your ‘story’ and challenges of helming a growing business.
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GlobalLinker StaffWe are a team of experienced industry professionals committed to sharing our knowledge and skills with small & medium enterprises.
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