Growing from one phase to the next
A business is a living organism and goes through different phases in its life cycle as it grows and expands from its Start Up to its Exit. For a business to move from one phase of its life cycle to the next takes a lot of extra energy. Our expertise is to help companies get over the hump from building a structure for you to grow on as you move out of the Start Up phase to preparing your business to be sold when you are ready to Exit and everything in between.
The steps a business goes through in its life cycle are Start Up / Growth / Established / Expansion / Mature / Exit. What phase is your business in now and do you have the map and tools at hand to get you over the hump to the next level?
Start Up to Growth
The Start Up phase of a business is the “We’ll figure it out” phase. It seems like every step is new and needs to be defined in the process. After a while you settle into a process that works but it’s more in your head then written down. To jump to the next level, you need to have a structure in place with roles and responsibilities for everyone so you can be a lot more efficient and produce a lot more orders with the same number of people.
For all of you in the Start Up phase, how big of a hurdle do you need to step over to get to the Growth phase of your business 1) a crack in the sidewalk? 2) a hurdle on the track? or 3) a pole vault?