Business Stage Characteristics
Adolescent Business
Business operations are inconsistent
- Few metrics mostly guesses
- Business evolves in unplanned fashion
- Reacts to Crisis arbitrarily
- Owner is the Chief Employee
- Purpose and direction are unclear
- Owner controls all micro-manager
- Performance is mediocre-incomplete
- Has excuses for everything
Key Business Systems in Place
- Developed Key Metrics for Key Performance Indicators
- Strategic Plan to achieve company Vision
- Deliberate Response to Crisis
- Owner is the Leader of the Business
- Strong Purpose clear direction
- Owner delegates effectively
- Strive for completion/excellence
- Executes planned strategy