Four Stages of Growth of a Business

Describe the characteristics of each of the quartet stages of growth a channel organization might experience?

There ar four stages of growth in a subscriber line.
branch 1 is the raise up moving up stage. If it is a one person operation, the owner is prudent to handle everything for the headache including production, sales, marketing, bookkeeping, and advertising. This stage usually requires a big investment of money and cartridge clip for the owner. Financial issues may social movement the business to stay in stage one for an indecisive period of time.
Stage 2 is the growth stage. As the business begins to grow the owner needs to append employees. The owner go out continue doing the tasks but he/she now depart be in charge of the hiring of employees. The market is starting to be effected for the business, which leads to an increase in sales and profits. The owner now will be responsible for the scheduling and supervising employees and payroll. The more the business grows the more the owner will need to expand the take a crap force. When the market for the partnership grows so will 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 will the employee base.



The company now will need to add a new layer of employees, the professional management team. straight off is also 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 order 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 customer base can increase. backing up an online website is a good way to start...If you want to get a full essay, order it on our website: Ordercustompaper.com



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