Where are you in your business Journey?

So what stage of the small business journey are you at? Do you really understand what are some of your biggest challenges that are acting as anchors? Recommended read for all SME’s.

Knowing your stage would help you understand where your energy should be channelized.

• Whether to pivot, persevere when you hit a challenge.

• Should you delegate or own a certain outcome.

• Being mindful of your legal obligations.

It’s really critical to know when to engage the experts to get you through different roadblocks that you might hit on various stages of your business maturity.

The five stages as described in the article

1. Stage 1 - Existence

2. Stage 2 - Survival

3. Stage 3 - Success

4. Stage 4 - Take-off

5. Stage 5 - Resource Maturity

#sme #CIO #COO #survive #succeed #business

https://hbr.org/1983/05/the-five-stages-of-small-business-growth