The stages of business development image
Businesses follow a common path of development as they grow. Each stage of business development has its own unique challenges to overcome and requires different management skills. There are three main stages of business development: Startup Adolescence Maturity You are in Tips and Tools How to identify your stage of business development The above sales turnover and staff numbers are just a guide. We have worked with businesses with 120 staff, that are still at the adolescent stage. The best way to know which stage your business is at, is to review the below challenges, and see which group you identify with the most. Start-up Challenges: Surviving! Finding sales opportunities Converting sales opportunities Managing cashflow Juggling many hats Appearing professional Dealing with the admin/paperwork Overwhelm! Everything is new Adolescent ...
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