stages of business growth

The five stages of business growth

The path that a small business takes to become a large corporation is full of challenges and opportunities. From the acquisition of clients at the beginning of the company to the selection of managers in the growth phase and the definition of the strategy, everything has a moment and a reason for being. However, it is the entrepreneur’s ability to adapt to the requirements at each stage of growth that ultimately allows the company to evolve.

Depending on the level of complexity of the firm, it will be located in one of the five stages of business development: existence, survival, success, take-off, or maturity.