The Five Stages Of Small Business Growth
Matching business and personal goals is crucial in the Existence Stage because the owner must recognize and be reconciled to the heavy financial and time-energy demands of the new business. In the Survival Stage, however, the owner has achieved the necessary reconciliation and survival is paramount; matching of goals is thus irrelevant in Stage II. Companies in the Existence Stage range from newly started restaurants and retail stores to high-technology manufacturers that have yet to stabilize either production or product quality. Many such companies never gain sufficient customer acceptance or product capability to become viable. But like with any business it is doable, especially if you first learn the basics of how to start a business and how to do marketing. To learn how to start your own clothing line – or any other business – check out my course Start-a-Business 101. The SME Policy 2021 provides a set of recommendations to support SME growth as part of a wholistic and integrated