Insights On The Five Stages Of Small Business Growth

Even during the best of times, starting a small business is tough. During the Covid-19 pandemic, it became a quest for survival. Whilewere closed amid the lockdowns, many have reopened their doors or launched anew as consumer demand roars back.

Each of the 31.7 million small businesses in the U.S. has its own unique flavor, challenges and path to success. Some never expand beyond a single founder; others could scale to become the next unicorn. Along the way, many founders will face common sets of challenges as they reach new levels of success.

For that reason, we’ve decided to bring you some real-life examples that illustrate the five stages of small business growth: existence, survival, success, take-off and resource maturity.researchers Neil C. Churchill and Virginia L. Lewis in 1983. Our goal is to bring each stage to life and start a conversation around the opportunities and experiences that business leaders encounter.

Every day this week, we’ll bring you insights from our contributors on each stage of growth. Today, we start at the beginning: the initial stage of launching a business and figuring out everything from product fit to customer acquisition.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Fin Tech Company Addresses Ongoing Effects Of Covid-19 And Supports Diverse BusinessesThe new credit facility will enable the company to serve more small businesses with its innovative payments acceleration solution when the needs of small and diverse companies have never been greater.
Источник: ForbesWomen - 🏆 477. / 51 Прочитайте больше »

In today’s stock market, small-caps are punching up as large-caps have lagged behindFund manager Timothy Skiendzielewski says small-cap stocks are cheaper and smaller companies are posting faster profit growth.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »