4 Stages Of Business Growth

By Rick Whiting CRN
4:00 PM ET Fri. Jan. 18, 2013

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Business Stage 1: Prototype

Sales: $3 million
Employees: 20
Venture Stage: Angel, A

Objectives:
Validated need/solution
Delighted customers
Reasonable profit/value assumptions

CEO Role:
One- or two-man band

Fatal Flaws:
Customer need isn't there
Solution doesn't work

Source: 10X CEO

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