Week 3 Assignment - Running Head STAGES OF BUSINESS GROWTH...

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Running Head: STAGES OF BUSINESS GROWTH 1 Stages of Business Growth
Running Head: STAGES OF BUSINESS GROWTH 2 Stages of Business Growth When a person decides to take an idea and turn it into an action to create a business they go through many different stages. The first stage of growth a business goes through is the start- up. Once successfully through the start-up phase a business moves into the establishment stage. After the establishment of the business it continues on to adulthood then lastly, a turning point. The start-up phase of a business is where an idea turns into action and an entrepreneur turns a dream into reality. First a plan is built; then the owner creates, trashes, and recreates a model, attempting to find the perfect one. Financing is obtained and structure is created within the company. Business cards are designed and created and the owner is focused on promoting the business and acquiring, as well as keeping, customers. The owner is usually the only employee during most of the start-up phase and acts as the business manager, making many important decisions. During this stage, and sometimes even the second stage, businesses are more

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