The Small Business Forum
The Growth Stage
- Businesses continuously grow from start-up to maturity. The growth stage is defined as the period a business starts to make profit. At survival, the business reaches break-even: It makes neither profit nor loss. The objective in the growth stage is profit, but at the level of average profit in the industry.
- The business has increased professional staff. Communication is more formal, and the owner can delegate more. His role then becomes more of management, and day-to-day presence is no longer critical. Established systems and the more formal communication help keep pace with what goes on in the business, even when away.
- The key drivers of the business growth include human resources, technology, and cash.
Comments, Questions and Suggestions welcome.
drkibuka@thesmallbusinessforum.co.ke
+254-729524219
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