09/24/2022
The four stages of business growth are the following:
1. Startup - This is the stage where youâve created a product or launched a service that is unique and answers your target marketâs needs.
2. Growth - By this point, youâve already grown your customer base and started entering the green zone profit-wise.
3. Expansion - At this stage, you are running a profitable organization.
4. Maturity - This stage occurs when businesses have created their household brands, build a self-sustaining organization and maximized their market share.