Also the business should purchase inventory open bank

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also, the business should purchase inventory, open bank accounts and hire employees to carry out the activities in the venture ( Stark, 2015). Stage 3: Growth Stage This is the stage where the business builds visibility in the market. In this step, the business is required to create a good corporate image for the community and its stakeholders. In the growth stage, the company has to encounter challenges and opportunities, and the management is required to maximise the opportunities (Schmiedel, Vom Brocke & Recker, 2014). It is crucial for the business to sell off some of its equity or obtain loans to invest in those opportunities. Stage 4: Maturity
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3 BUSINESS DEVELOPMENT In this stage, the business has reached its potential capabilities, and it is getting profits and cash flows has also been established. According to Schmiedel, Vom Brocke & Recker (2014), every worker in the organization at this stage know his role and the management have an easy work to run the business. It is advisable that the business should not feel comfortable with the profits it is getting rather it should invest in other geographies. For instance, the ABC
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