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The Four Stages of Business GrowthJoe SmithAmerican Military University
Below are the Four Stages or Business Growth•Inception•Survival•Growth & Expansion•MaturityIn every stage of a business there will be planning, initiations and risk that com along the way.The Stages
•The first stage of any business is to answer the question of what is the business going to be about.•Once the a business idea has been established, other ideas will be generated as well.•According to Juntenen (2010), “the company is nurtured towards a working business entity, and the product development process starts.”•Brainstorming will also start from the from the committee membersInception
•This would also be the time to create a business model.•The initiation of making the product or service that the company will be about.•How much manning will it need? Hours or operation? Target customers or consumers.