Take-Off Stage Growth
What is the Take-Off Growth Stage?
Only one in a hundred small businesses reach ten million in revenue. If you are approaching ten million, then you have the potential to take off.
You already realize that planning makes a difference. What are those things that could be holding you back?
Where are you doing well? Consider my 4 Stage Growth Model for Small Businesses.
You may find some things operating in the Growth Stage, some in the Take-Off Stage, and perhaps some in the Expansion Stage.
The model gives you a picture of where you need to go. Let me help you take off.
Here are some other aspects of becoming a Take-Off Stage company
The organization has become a going concern and largely self-sustaining if the owner disengages. Thus, the business becomes sellable for values expressed as multiples depending on the revenue growth rate and profitability. Owners consider acquiring competition to expand the current market or move into new markets.
Does this sound like YOUR Company?
Learn More about the Take-Off Stage of Growth
Also, browse the archives of articles from Lane Sloan (below)
Achieving the Take-Off Stage in Small Business
Would you like your small business to Take-off? In 2018, 9% of small businesses made more than one million (SBA.gov). If you are one of these 1 out of 10 small businesses and have revenues less than ten million, then
Breaking Out of the Development Stage
If you are an early-stage company, would you like to break out into the next level? According to NAICS Association data, there are roughly 14 ½ million small business with annual sales of less than one million dollars in the
Introducing the 4 Stage Growth Model
Small Businesses: Understanding your pathway forward When I taught corporate strategy at the University of Houston, publishers would send me Strategic Management books by their authors hoping they would be used in my classroom. For the most part, these were
