These are the five stages of small business growth.
Existence: Setting up and beginning to run the business by spreading the news of the business.
Survival: The business has shown that it is a workable business entity and has enough customers with products that can satisfy them sufficiently.
Success: Deciding whether to exploit the company’s accomplishments and expand or keep the company stable and profitable, offering a base for alternative owner activities.
Take-off: How to grow and finance that growth.
Resource Maturity: Consolidate the financial gains brought on by growth and maintain the advantages of small size, including the entrepreneurial spirit and flexibility of response.