Every successful business goes through five stages of growth: seed stage, startup stage, growth stage, expansion stage, and maturity stage. In the seed stage, the focus is on market research and validating the concept. The startup stage involves launching a product or service and refining operations. The growth stage is characterized by increasing sales and revenue, while the expansion stage focuses on consolidating market position and optimizing operations. Finally, the maturity stage is about maintaining relevance and sustaining growth by fostering innovation and diversifying the business.
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