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.

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Jeff Bezos And Elon Musk Are Now Butting Heads Over The Small Satellite Internet BusinessAmazon files letter of protest over Musk’s plans for a new generation of Starlink satellites. Wait, so....I can assume that the government owns space now!?!? elonmusk The complaint is that SpaceX is asking the FCC to approve two entirely different orbital configurations to be chosen between later. Bezos: Damn it pick one, so I can tell my team which to copy! It’s unethical to allow people to become this wealthy. We need a wealth tax and to use that money to rise the tide for all humans.
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Jeff Bezos And Elon Musk Are Now Butting Heads Over The Small Satellite Internet BusinessAmazon files letter of protest over Musk’s plans for a new generation of Starlink satellites. You know, real world, kitchen table issues with which we can all identify.
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