The Five Stages of Small Business Growth

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As business growth happens, the business goes through several distinct stages – from start-up through maturity. One way to evaluate the level of legal support needed by a business is to peg which stage of growth the business is in. There are several different models used to describe the stages of business growth. One of the most popular systems, originally published in the Harvard Business Review, divides businesses into five stages. These stages are summarized ...

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Seven Tips for Selling a Business

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(1)  First, realize what acquirers are looking for. People buy companies for a number of different reasons, and if you can figure out what your buyer wants, you can position yourself to your advantage. Then (2),  Know that it’s a long process. A long process can put your business in serious trouble if you concentrate all your energy on pushing the sale through, rather than maintaining and growing your company.  After that (3),  Get as many bidders involved as possible. ...

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