As with people, businesses go through stages as they grow and mature. And every stage has its objectives that lead to growth and potential pitfalls that lead to stagnation or failure.
10X CEO, which provides research and training for "high-performing CEOs," has identified four growth stages for companies characterized by their sales, number of employees and funding. Included in each stage are the specific objectives that must be met for growth, the CEO's role in those efforts, and potentially fatal flaws.
For more on how to grow your business, check out our special report, "Is Your Startup in Small-Company Purgatory? Here Are Five Ways to Get Out" available exclusively on the CRN Tech News App Tuesday.