Take our assessment to discover your business stage

STAGE: POST-REVENUE

Not all organizations make it this far -- you should be proud of yourself!
20% of businesses fail within their first year, and 50% by year five... but not yours!

YOU'VE ALREADY COMPLETED THESE STEPS

Ideation

Pre-Revenue

Post-Revenue

NEXT STEPS TO CONSIDER

PIVOT
It's time for reflection! The ability to pivot is a crucial part of maintaining a sustainable business. Pivoting is not failing. It is acknowledging that something may not be working, and it's a time to pause and reflect.

  1. Check in with yourself and your team
    Culture impacts the success of a business
  2. Review your financials
    Is there anything you shouldn't be spending money on?
  3. Re-familiarize yourself with market research and trends
    What has happened or changed that may impact your business?
  4. Re-familiarize yourself with the competition
    Is there new competition? How are they differentiating themselves?

GROW
What do you need to know to further invest your resources? Business growth means different things to each person. Growth may include: adding a new product or service, expanding into another country, opening a new store, etc. Continue to reflect on your role within the business; growth requires change.

  1. Are you financially prepared?
    If your next experiment does not go as planned, how will you react?
  2. How and to what degree will you expand?
    How do you make the most of your money?
  3. Do you have the right team in place?
    Does anyone need to be promoted or hired?
  4. Do you need to raise funding?
    Will you give away a portion of your business in exchange for a certain level of investment?

RESOURCES