Maintaining Focus in Your Startup Business Growth Strategy (Infographic)

For any entrepreneur or startup business owner, growing your business becomes a logical next goal after you have seen market acceptance and some degree of success with your initial offerings. But growing your business can bring new levels of complexities and challenges. The key to long-term success is in managing the direction of your company by only pursuing those growth opportunities that align with your company vision and mission.

The Business Growth Challenge

Unfortunately, turning a small business into a large company is not an easy task. In fact, the statistics paint a grim picture in that less than 1 percent of companies will never grow to $250 million in annual revenues. And a tiny fraction of 1 percent will ever achieve $1 billion in annual sales.

Turning a small business into a big one is never easy. The statistics are grim. Research suggests that only one-tenth of 1 percent of companies will ever reach $250 million in annual revenue. An even more microscopic group, just 0.036 percent, will reach $1 billion in annual sales. For most businesses staying small over the lifetime of the company is a reality.

While this is enough for some small business owners, others search for a business growth strategy that will put them in the elite company of those that have attained fantastic growth.

Developing a Growth Strategy

Perhaps the biggest step startup executives and small business owners take in moving toward real growth is in developing a realistic strategy that will take them from small to large annual revenues with the least amount of risk and effort while adhering to a growth strategy that aligns with their company mission.

The following infographic offers a streamlined process for evaluating new business opportunities and areas for growth without departing from your company’s core mission and offerings:

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