Subscribe
Sign in
At what stage is your business currently positioned?
πBusiness typically goes through several stages:
1. Struggle: π― π°π
-Priority on acquiring customers
-Continuous investment
-Business model is unclear and wishful
2. Survival: ππΈπ
-Workable business model in place
-Facing cash flow challenges
-Primarily focused on financial planning
3. Stability: π΅π©βπΌπ¨βπΌ
-Profitable business
-Business owner either leads functional teams or personally handles certain business functions
4. Success: ππ½π±π
-Functional heads drive business operations
-Owner gains independence
-Owner focuses on strategic growth
-Experiencing rapid financial growth
5.Scale: ππβοΈπ
-Decentralized management
-Business owner takes a back seat
-Growth is system-driven
-Brand recognition is widespread
-The legacy of the business continues
I hope this make sense, and please feel free to express your thoughts and opinions. π
6
Replies
Best
Hey Istiak, love this breakdown of business stages. I am currently navigating the survival stage, working on solidifying our business model and managing cash flow challenges. It is a journey and i am learning and growing every day.
Indeed! π The meticulous delineation presented herein impeccably aligns with the odyssey of entrepreneurship. Each juncture bequeaths a sui generis array of challenges and victories. The epoch of adversity, in particular, serves as the crucible wherein the mettle of resilience and determination is authentically subjected to scrutiny, thereby laying the cornerstone for prospective triumphs. The phase of survival imparts unto us the acumen of adaptability, while stability emerges as the apotheosis wherein the fruits of assiduous labor commence their recompense.
omni.day