Rapid Growth If the decision is made to grow Buy Email List beyond the Success Stage, then key problems will be how to achieve growth and how to finance it. Growth will return to a phase where cash management becomes critical. Churchill Buy Email List and Lewis report they found the keys to success here are having a sound understanding of delegation Buy Email List and how to manage risk in cash flow.
As staff numbers grow, systems need to Buy Email List become more refined to ensure delegation is efficient and both operational and strategic planning are crucial to make sure everyone is on the same page. At this stage, the owner no Buy Email List longer works in the business but does have a strong presence over the way it is run and over things Buy Email List such as stock control. Churchill and Lewis state.
This is a pivotal period in a company's life. If the Buy Email List owner rises to the challenges of a growing company, both financially and managerially, it can become a big business. If not, it can usually be sold-at a profit-provided the owner recognizes his or Buy Email List her limitations soon enough' Stage 5 - Maturity The company has now arrived. It has Buy Email List the advantages of size, financial resources, and managerial talent. If it can preserve its entrepreneurial spirit, it will be a formidable force in the market. If not, it may enter a sixth stage of sorts: ossification and death.