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BUSINESS STAGES

Find out which stage of business you are in and what to do next.

It's important to consider where your business is in the marketplace. Are you a startup business or a well-established enterprise?

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Choose your Tier

Find out where you stand in our roundup of the top 4 stages of business growth:

Startup

STAGE 1

In the startup phase, you’re spending most of your time and effort to bring your business idea to life.

You’re likely trying to get the word out about your product or service, while balancing other key responsibilities.

As a startup, it’s not uncommon for you to wear many different hats to get your business up and running.

STAGE 2

Growth

Your business plan is paying off. Consumers know about your product or service.

Your revenue is increasing. Your business has less turnover.

And your market share and customer base are growing.

After being in business for a few years, your company is going through rapid growth.

STAGE 3

Maturity

When you reach this stage, you likely feel safe and secure.

Mature businesses have more brand awareness with consumers, and a strong presence in their target market.

It’s unlikely a startup or business with less experience can take over your company’s position.

 

Decline

STAGE 4

It may be hard to tell if your business is in a decline.

You may feel like your customers are increasing, and you’re meeting their growing demand.

But, if your business has seen several years of dropped revenue, you’re in a decline. That’s why it’s important to regularly look at your finances.
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