The 5 Stages Of Business Growth
5. Maturity stage
When a company reaches the maturity stage, the idea that was just a thought is now dominating and has stable profits thanks to the strategies you came up with during the four previous stages. This stage relies on a financial source to help overcome the challenges and keep the business up on its booming record.
Although maturity is the final business growth stage, it isn't where you want your business to stay. Companies that languish in the maturity stage might still be growing, but in a sluggish manner. If this is the case, you may need to go back to the drawing board to see how to get your business back in the expansion stage, or think of an exit strategy. Here you need to go back to the drawing board and think of an exit strategy.
Here's what entrepreneurs whose companies are in the maturity stage are focused on:
- How long the business can maintain and manage a negative cash flow
- Expanding the business
- If necessary, finding and executing an exit strategy
At G&A Partners, we’re passionate about helping people like you grow their businesses, take better care of their employees and enjoy a higher quality of life, and we’ve been doing just that for more than 20 years.
What sets G&A Partners apart from other HR outsourcing firms is our ability to create customized and scalable service offerings that not only meet your organization’s current needs, but also have the ability to grow as your business grows.
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