Business Stages

Stage 1: Start-up

Starting a business for the first time? The early stages of development can determine your profitability in the years to come. It is important that you work closely with start-up mentor organizations to increase your chances of success.

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Stage 2: Growth

Depending on the type of business, your “growth” stage may last anywhere from one to five years. Operations are underway but new resources may be needed, along with a network of professionals to support your activities.

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Stage 3: Expansion

Even the most experienced entrepreneurs must periodically take a fresh look at their business and make significant changes to meet the needs of the ever-changing market.

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