We have been talking about the life cycle of a business and how to get the most out of each maturity level. Today we will dive a bit deeper into the Expansion stage to outline key building blocks for success.
As a reminder, the five different stages of a business life cycle are:
Stage 4 Expansion
In order for a business to expand successfully it is recommended that they have shored up any holes that may exist in the previous life cycle stages of stage 2.)Survival and 3.)Growth. We work to develop key targeted improvements for companies looking to add locations or franchise. Filling these holes in the business maturity helps to build a steady foundation as one expands. It is in this phase, successful entrepreneurs and leaders start to understand the phrase – “You can’t get to where you want to go with the same thinking that got you here”. This is often difficult to hear or...
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