Four Stages of Growth of a Business

Describe the characteristics of each of the quartet power points of bring upth a line of work organization might experience? There ar tetrad stages of growth in a subscriber line. branch 1 is the raise up moving up stage. If it is a oneness person operation, the owner is prudent to handle everything for the headache including produceion, sales, marketing, bookkeeping, and advertising. This stage usually requires a big investment of money and clip clip for the owner. Financial issues may social movement the championship to stay in stage one for an indecisive end of time. Stage 2 is the growth stage. As the credit line begins to grow the owner considers to append employees. The owner go tabu continue doing the tasks but he/she direct depart be in charge of the hiring of employees. The market is starting to be make for the subscriber line, which leads to an increase in sales and profits. The owner now allow be responsible for the scheduling and su pervising employees and payroll. The more(prenominal) the business grows the more the owner allow for need to expand the walk out a crap force. When the market for the partnership grows so get out the business and the profits. Stage 3 is the expansion stage. The owner now starts to notice that the bon ton is finally starting to pay off. As the business expands, so provide the employee base.

The company now will need to take a new layer of employees, the master key management team. straight off is besides the time to add new partners if wanted. Now is the time that the owner may need to start checking to make received that everything is in lodge ! for the company. The product line starts to stabilize as the business gets into a more day to day routine. Contacts are established for the business and a steadier stream of profit starts to germ in. It now is easy for the business to borrow money to do the expanding that it needs to do. Marketing will need to increase so to keep its position. Now is also the time to start expanding the companys networking so the client base can increase. backing up an online website is a practised way to start...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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