To find your growth stage you need to understand business growth. If you read my previous post “What’s Your Business Growth Stage?”, then you get an overview of the growth stages. Also read the post “8 Business Growth Factors You Can Influence and Grow Your Business” and see what factors truly impact small business growth.
But, if you don’t understand where you are currently, then how do you know what you need to do next to move your business to the next growth stage? This is the #1 problem which most small business owners struggle, and as a result they’re just throwing stuff at the wall hoping something will stick.
Figuring this out becomes a monumental research project! We tried to consolidate much of this work for you by categorizing blog posts by each stage of the cycle:
- Foundation Stage
- Survival Stage
- Self-Sustainability Stage
- Rapid Growth Stage
- Maturity Stage
You should familiarize yourself with the dynamic of each stage, and recognize certain dynamics in you and your business it may help you figure out your growth stage. But, this is somewhat subjective, and, because you’re assessing yourself, you may be less objective in your evaluation.
How Do You Find Your Business Growth Stage?
So, how do you find an objective, 3rd party evaluation of your business? Several years ago, DE, Inc. launch of a new small business tool – the Small Business Growth Assessment. The purpose of this tool is to objectively determine:
- Your business’ starting point.
- What management and leadership challenges are preventing you to getting to the next level?
- What management and leadership strengths can be applied to grow self-sustaining business?
Growing your business is no different. So, the Small Business Growth Assessment is designed to tell you where you are beginning. Then you can use the Small Business Growth Matrix to see learn what you need to do to achieve the next stage of growth and begin taking action.
Finally you can begin applying all these concepts using our BGS Memberships. Our DIY Membership is our foundation membership providing you entry into the BGS Community with full access to the step-by-step SPARC Roadmap, courses, tools and resources.
Pretty simple, right? That was exactly what we used as the design requirement – SIMPLE!
So, don’t leave the growth of your business to chance. Use our tools and find out exactly what you need to do to grow a self-sustainable business.
Get started quick by downloading our Business Growth Stage Self-Assessment. Just complete the form below to get your free copy.