Name BUSN100 Week 3 Assignment 4 Stages of Business .pptx -...

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4 Stages of BusinessNameBUSN100November 25,2017
Start UpThe startup phase is the hardest thing to do as you have to figure out the product you want to sell or service you want to offer. It is very exciting when starting but can be a nerve racking process.Over 80% of new business don’t make it past this step and a lot are left in debt. Your so consumed with the business and usually aren’t sure why it failed
Start up ChallengesLimited resources such as money, time, manpowerPoor cash flow management as you have to spend a lot to develop your selves Pricing products or services or too high or too low due to just starting out Preparing a realistic budget is always are as you as still trying to find your wayNot having a budget as you are still too newLack of processes and systems can really hurt
Ramp upDuring this stage your business is starting to gain momentumYou have some customers and are starting to form your team

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