Assignment2_Busn100 - Running head THE DIFFERENT STAGES The...

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Running head: THE DIFFERENT STAGES The Different Stages Shawnkeya Graves American Military University 1
Running Head: THE DIFFERENT STAGES The Different Stages Growth is something for which most companies strive, regardless of their size. All businesses go through different stages of growth. There are four stages of growth that a business may go through. The first stage is the initial start-up phase of the life of a business. In this phase the business is operated by one person and this person handles all transactions and operations of the business. “In a one-person operation, the owner does everything: sales, bookkeeping, marketing, production and so on” (McCubbrey, 2009). This stage normally makes or breaks a business. If a business makes it through this stage, they will then advance to the next stage, stage two. Stage two of growth is the direction/growth stage. This stage progresses from the one person operation stage into a business where they begin to recruit or hire employees. For example, at this stage, Mr. Johnson, hires assistants to help carry out the primary activities of his

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