Tools & Resources
- Idea Stage
The business hasn't taken its first breath yet; it's just an idea in the first of seven stages of life.
- Startup Stage
A small business is born, but hasn't operated more than three years. It exists legally and products or services are in production. Real customers exist.
- Growth Stage
In business three to five years. Sales, customers and profits are increasing. Competitive intensity is also increasing.
- Established Stage
A surviving business of more than five years. Business is recognized in the market. It has some loyal customers and sales growth is manageable. life has become somewhat "business as usual."
- Expansion Stage
Business is expanding into new markets and distribution channels.
- Decline Stage
Business is experiencing a noticeable decrease in sales and profits.
- Exit Stage
Now is the time to pass down the business as legacy or sell it for cash.