There are two characteristics of new businesses in the growth process uncertainty and whatsoever

New businesses have two characteristics in the growth process: uncertainty and slowness.

After a business is created, if it survives and grows accordingly, it generally enters the expansion phase. Expansion stage is a critical period of enterprise development: on the one hand, the strategic focus of the enterprise has shifted from survival to competition for development opportunities and resources; on the other hand, the decision-makers of the enterprise should keep a clear head and objectively evaluate the strength of the enterprise, to avoid blindly expanding to make the enterprise in trouble.

The main features of the enterprise in this stage of development are: the enterprise enters the expansion stage, the problem of survival has been basically solved, this time the enterprise has a strong vitality and the corresponding development of the strength, so the development speed is usually fast, fluctuations are small, in this stage. Enterprises in the capital, the number of personnel, the level of technology than the founding stage has improved significantly, but the management and utilization of resources has become a new problem in the enterprise.

Division of enterprise growth stage

The life cycle of an enterprise refers to the process of its birth, growth, expansion, decline, until death.

Based on the examination of the growth process of the enterprise, the life cycle of the enterprise is usually divided into the stages of gestation, survival, high-speed growth, maturity, decline and metamorphosis. The gestation period refers to the preparatory stage before the formal operation of the enterprise, generally shorter duration, and does not have the formal operating conditions, usually only input, no output.