Company stages Flashcards
Seed stage
The thought of idea and testing, research and finding a business plan.
Start up Establishment stage
Products/services are developed, commence trading, hire and employ some staff.
Growth stage
Business is finally growing by expanding and refining products whilst having more employees.
Maturity stage
Business growth is stable and decisions are open in the market.
Post maturity stage.
Business can move in one of three ways, innovate, remain steady or decline and exit.
Seed Challenges
Time, energy, money.
Start-Up/ Establishment Challenges
funding, money management, and market presence.
Growth Stage Challenges (relationship/op)
handle revenue, develop customer relationships, and scale operations efficiently.
Maturity challenges (exit plan)
continued competition, uncertainty innovation. exit plan.
Post-Maturity Challenges
hemorrhaging
increased competition and is hemorrhaging market share,
What are the five business lifecyle’s
SEED
START UP
GROWTH
MATURITY
POST MATURITY
