The Bold Money Revolution
This is your source for straight-talking, no-fluff business and high-performance conversations that add real depth and value to the way BOLD leaders live, work, and thrive.
Hosted by Tara Newman, this show is here to show you how to optimize your performance as a leader so you can grow a business that is profit rich, efficient, and allows you to build real tangible wealth for yourself and others.
The Bold Money Revolution
When to Start Stabilizing and Prepare Your Business for Scalable Growth
On today's episode, we are pulling from 40-year-old research from the Harvard Business Review, published in 1983 by Churchill and Lewis. We're walking through the various stages of business so that you can get a good understanding of where you are, what your problems might be, what mistakes you might be making, and, really, what you can look forward to.
Last week, we talked about startups and growth. I said that most business owners are stuck in growth. They go on to have this mom-and-pop type business, or they've just created themselves a job, or worse, they have really stunted any ability to go beyond where they are. It's a place where people languish.
This is where they go out of business, and this is where they decide to go back and get a job and work for someone else, which is normal, but it doesn't have to be that way. There's actually a better place for everybody to be headed.
That is what we are talking about today. We're going to go over the last three stages of business, one of which is the most overlooked stage and also happens to be my favorite.
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