Week 3 PPT Assignment.pptx - 4 Stages of Growth in Business...

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4 Stages of Growth in Business NAME PROFESSOR BUSN 100: BASICS OF BUSINESS AMERICAN PUBLIC UNIVERSITY
Overview Stage 1: Start up Stage 2: Build Up Stage 3: Build-out Stage 4: Enterprise References
Stage 1: Start-up The first stage of a business Typically characterized by: 1 person operation (entrepreneur) Entrepreneur does everything (bookkeeping, marketing, production, etc.) This may also be the final stage depending on the business model Important goals of this stage: Test and prove business model (Houilihan, 2017) Achieve positive cash flow (Houilihan, 2017)
Stage 2: Build-up A.K.A Ramp-up Typically Characterized by: Hiring Employees Entrepreneur still performs day-to-day operations with some delegation Entrepreneur assumes additional responsibilities (hiring, payroll, etc) Goals: Increase cash flow Maintain profitability Maintain independence
Stage 3: Build-out A.K.A Expansion/Maintenance Typically characterized by:

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