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The Small Business Lifecycle
92 pages, 2013
business & management
1082 booksSmall businesses have much different growth patterns than large corporations. As a result, small business owners who look to large corporations for insight and guidance on how to grow their businesses often feel overwhelmed and demotivated.
The Small Business Life Cycle lays out the five stages of small business growth and explains how you can navigate each stage in your business. To succeed, you must take the proper steps at the right time. Each location has challenges, strengths, inconvenient truths, and ways forward.
This guide shows you where to focus your resources in each stage so you can grow your business efficiently. Whether you're thinking about starting a small business or you've been in business for a while, The Small Business Life Cycle will give you a better gauge to evaluate where you are and what you need to do next.
If you're growing fast and want to keep growing, this book will show you how to do it strategically. And if you're stuck and don't know what to do, you can determine what stage your business is in now and figure out what you need to do next to get unstuck.
In The Small Business Lifecycle, Charlie Gilkey explains that every business goes through five stages: inception, emergence, growth, expansion, and maturity. Understanding these stages can help you navigate the challenges and opportunities that come your way.
Gilkey emphasizes the importance of planning in his book. He suggests that small business owners should always have a clear plan for their business, including short-term and long-term goals. This will help you stay focused and make informed decisions.
The Small Business Lifecycle is not just about the good times. It also explores the challenges that small businesses face and provides practical advice on how to overcome them. So, if you're struggling with your business, this book might have the answers you're looking for.
Innovation plays a crucial role in the growth and expansion stages of a business, according to Gilkey. He encourages small business owners to constantly look for ways to innovate and improve their products or services to stay competitive.
One of the key takeaways from The Small Business Lifecycle is the power of persistence. Gilkey reminds us that success doesn't come overnight. It takes time, effort, and a lot of persistence. So, don't give up on your business dreams just yet.