Podcast appearances and mentions of Neil C Churchill

There are five stages of business you'll move through as your business evolves from startup to its final destination. As you move through these five stages, your business follows certain recognizable patterns.People have questions all the time about how to navigate the growth of their business, not just mentally but practically. And every stage comes with its own questions and considerations.In this episode of Time to Level Up, you'll learn about each of the five stages and the patterns that occur in each as you grow your business. I'll also give you questions to ask yourself as you move through the stages so you can have a clear idea of what's necessary for the growth and scale you desire.2:54 - The simple but crucial first stage of business6:19 - Signs that you're in the “survive to thrive” stage9:28 - Your concern as an entrepreneur at stage three of your business12:38 - The added priority and shifts necessary for moving on to the final two stages15:03 - A review of the five stages and identifying which one you're in right nowMentioned In Five Stages of Business and the Decisions to Make as You GrowShe Thinks Big by Andrea LiebrossSimplicity and Confidence Workshop“Understanding the 5 Stages of Business Growth” | Lucidchart “Identify Your Business Growth Stage to Maximize Profits” by Brandon Matthews | Alliance Virtual Offices“The Five Stages of Small-Business Growth” by Neil C. Churchill and Virginia L. Lewis | Harvard Business Review“Learn how to make better decisions with 3 powerful habits” by Maggie Wooll, MBA | BetterUp “I've Got This” CoachingRunway to FreedomVision to Action IntensiveBook a Call with AndreaAndrea's LinksAndrea on LinkedIn, Instagram, and FacebookThis podcast is brought to you by the What's Your Productivity Archetype quiz.Find the best productivity method for you and make getting it done easy.andreaslinks.com

On this episode of the Transition, I sit down with Michelle Warner, a business strategist that helps entrepreneurs design tiny companies that are built to last. Together, we break down the 5 stages of small business growth and also discuss how-to use networking that pays.  Applications for The Bunker Labs & WeWork Veterans In Residence program are open Sept 1-30, 2021  for the Jan 2022 cohort. The program is a 6-month #Startup incubator for #veterans & military family members with the community, a network & resources to grow their business. Apply: https://bit.ly/3g9KOyn Subscribe to the Transition Newsletter on Substack here: https://bit.ly/37Bb8Ne I release a newsletter every Tuesday,  and a podcast every Thursday. You can leave a comment about each episode on Substack, and if you have any questions about your own venture, post that as well. I'm always looking for content and would love to learn what you all are struggling with in your own ventures. To learn more about Michelle, click here: https://www.themichellewarner.com/ Additional Resources: The Five Stages of Small Business Growth by Neil C. Churchill and Virginia L. Lewis https://bit.ly/3o0WwzY Michelle's Article on Understanding Your Business Stages: https://bit.ly/2Zpai5h Tune into Office Hours: In addition, we're also hosting Live-Weekly Office hours for you every Tuesday on Linkedin, Facebook, and Youtube at 11 AM EST. If you find yourself stuck, have questions about Bunker Labs programming, or just want to get some tips and advice for your venture, tune into Office Hours. It's hosted by yours truly, along with other members of the Bunker Labs Marketing Team, as well as guest SME's and other members from around the community. Get Connected with Bunker Labs If you want to get plugged into the Bunker Labs ecosystem, visit www.BunkerLabs.org, select a city nearest to you, sign up for the local newsletter, and attend one of our networking events. It's that simple. From there be sure to get connected in Bunker Online, where you can learn about our many different programs to support your entrepreneurial journey. We have programs that will take you from idea to invoice, incubate you, and position to grow alongside other founders and CEOs. Register today at by click connect at Bunkerlabs.org

Season 6 Episode 15In this episode Scott continues working through the Rockefeller Habits of Scaling Up and looks specifically at how to accelerate one's cash flow.The following resource were referenced in this episode:Scaling Up: Mastering the Rockefeller Habits 2.0scalingup.comEntreLeadership by Dave RamseyHow Fast Can Your Company Afford to Grow by Neil C. Churchill and John W. MullinsThe Customer-Funded Business: Start, Finance, or Grow Your Company with Your Customers' Cash by John W. MullinsFor more information about KriSco Coaching, go to our website www.kriscocoaching.comPlease go to iTunes to leave a review.  Click HERE to leave that review.

There is a five-stage model for small business growth that we can use to help categorize our own businesses. In their Harvard Business Review whitepaper entitled The Five Stages of Small Business Growth, Neil C. Churchill and Virginia L. Lewis state that the five stages are: Existence Survival Success Take-Off (Growth) Resource Maturity In this article, we will go over each stage of small business growth to help you determine where your business is and what you can do next. Stage 1: Existence A small business at this stage is challenging, especially since the owner is doing most of the work. One of the largest pain points is obtaining customers and delivering on the product or service. In order to remain alive, a new business must seek customers. Stage 2: Survival A business in this stage is now a more efficient working entity with some profit. The next step here is to ensure that profit remains. Therefore, again, businesses in this stage also need to seek customers as well as start looking at the return on investment (ROI). In essence, merely staying open isn’t sufficient anymore. The businesses in survival stage must be establishing systems and processes to consistently ensure that ROI maintains and grows.  Stage 3: Success Once systems are established and profits are consistent, the small business is now successful. The choice becomes continue to grow or maintain the success created until this point. Having systems in place is a vital difference between Survival and Success stages. At the success stage, the owner is no longer doing the bulk of the work. The reason for waning the owner from major tasks is for continued growth as well as the opportunity to sell. And, everyone deserves a vacation once in a while.   Stage 4: Take-Off (Growth) In this stage, the small business now requires increase in capital in order to accommodate the higher volumes of customers. This means more staff, more equipment and materials and better processes. At this stage, a small business has the chance to be a big company. However, if mismanaged, the small business could fail as a result of poor cost management of expenses over revenue. Stage 5: Resource Maturity A small business reaches maturity once it is ready for diversification. The company is now big and runs at a slower pace. This does not mean that a mature company will be unable to react to market changes. Hence, the need for diversification and finding other, related products and markets to tap and to expand the existing customer base beyond the reaches of the original business model. This will keep the company in flux, as parts of the company will now be in varying stages of growth. For a FREE Business Strategy Session you can go to elonaloparicoaching.com