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Question:

Name The five stages of small business growth

Author: Sophie Nordenhed



Answer:

Stage 1: Existence (one-man-shop, minimum systems & planning) Stage 2: Survival (Workable business, finance growth, systems development) Stage 3: Success - Disengagement (economic healthy, market size, average earnings) (Stage 3: Success - Growth) Stage 4: Take-off (Decentralized , refined systems, Ops & strategic planning) Stage 5: Resource maturity (Staff & fin.resources, systems developed)


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