Stages of Business - Which one are you?

Baby Business

Baby Business Characteristics:

  • ​Your business is fairly new and seems to need a lot of time and attention
  • Sometimes things seem quiet like the business is sleeping.
  • You’re not quite sure what to do with this baby or if you’re doing things right.
  • You’re still testing things out and not even sure if what you’re doing is sustainable.

Start Here:

  • The right name
  • Clear marketing message
  • Website and SEO
  • Set up a FB page
  • Start an email list
  • Write a monthly newsletter
Toddler Business

Toddler Business Characteristics:

  • Super busy, and your business can feel overwhelming.
  • You feel scattered, like there’s always a mess somewhere.
  • You’re distracted and not sure if you should hire help or just get more organized.
  • You know you need some systems but are tired and can hardly see straight.

​Focus on:

  • Your systems: Todoist, Google Calendar, Trello
  • Hire one admin to be your assistant
  • Say “no” to things that are not income-producing
  • Work on boundaries and margin
Teen Business

Teenaged Business Characteristics:

  • You’ve been in business for a while and you’re ready for some freedom
  • You can’t take a vacation or get away without basically shutting everything down
  • You know you need some freedom from the business, but you’re not sure which steps to take in which order

Work on this:

  • Hire multipliers to do the work that you do
  • Increase admin help
  • Increase your marketing
  • Tighten up your systems
  • Increase checks and balances and visibility of what you expect
  • Be the CEO and the manager of your company 
Young Adult Business

Young Adult Characteristics:

  • Your business doesn’t need you as much for the day-to-day operations.
  • You can go on vacation!
  • You’re profitable!
  • Your staff is handing things for you.
  • The business is running itself at this point and you have a lot more freedom.

Work on this:

  • The business still needs you. You will still need to check in with your staff and act as their coach.
  • Regular staff meetings are recommended, although you may have a manager handling the bulk of the meetings.
  • Continue to make high-level decisions and oversee marketing and hiring.
  • Life is good! You should be able to work from anywhere, you are not location bound, you will have a lot more freedom, and you will have money flowing in to show for all your labors!!
  • Decide if you’d like to start a second location, start a second business, sell the business, or retire!