In order to grow and succeed in business it is important to understand the 4 main stages of business growth in your Business growth Strategy www.YourGrowthStratgey.com.

The are as follows;

Startup Stage

Congratulations the new baby is born. You’ve registered your new business. You have no track record to keep your reliable. You rarely see start-ups Play a dominating roll because they need to learn the ropes. If you survive this phase you make it into the next one.

The growth phase

You are starting to get clients and revenue is starting to come in. Your growth is unpredictable. You can grow fast or you can grow slow. You can afford to experiment, innovate and take risk because there isn't much to lose. When go past this stage you ready for the next one.

Maturity phase

Business is starting to become predictable. There is more stability. As you develop more experience in the market you continue to build your reputation. Many new customers know about you. You are now more limited in what you do. At the same time you don't want to take any unnecessary risks because you have a lot of those.

Decline or structural innovation

At this stage forces in the market remain lively so larger companies are usually the ones that failed to adapt.

As such your business cycle declines. Expenses can be hard to control. Revenue and customer retention starts to decline.

At the same time new players come into the market which are more adaptable and can offer something new and better.

It is critical that you learn from all the indicators and start to work towards optimising your operations and start planning for the future.

If you want to stay on top then relevant in your market, you need to adapt quickly and implement change to help you keep away from a downward spiral.

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