Find Your Business Focus
Your small business will go through various stages of the business life cycle. A business goes through stages of development similar to the cycle of life for us. Parenting strategies that work for your 2 year old may not work for your teenager. The same goes for your business. Each stage of your business life has its own needs and requirements.
A start up business, growth company and established firm all will have a different focus. The focus of the new business is to find customers and conserve cash. A growth company will need more emphasis on management building and financial sytems. Whereas, the established owner needs to constantly drive productivity. These needs will not be mutually exculsive but having a general knowledge of what the road looks like ahead will better position you for success.
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