At what stage is your business currently positioned?

Question

👉Business typically goes through several stages:

1. Struggle: 🎯 💰🌌

-Priority on acquiring customers 
-Continuous investment 
-Business model is unclear and wishful

2. Survival: 🔄💸📊

-Workable business model in place 
-Facing cash flow challenges 
-Primarily focused on financial planning

3. Stability: 💵👩‍💼👨‍💼

-Profitable business 
-Business owner either leads functional teams or personally handles certain business functions

4. Success: 🚀🗽🌱📈

-Functional heads drive business operations 
-Owner gains independence 
-Owner focuses on strategic growth 
-Experiencing rapid financial growth

5.Scale: 🌐🚗⚙️🏆

-Decentralized management 
-Business owner takes a back seat 
-Growth is system-driven 
-Brand recognition is widespread 
-The legacy of the business continues

I hope this make sense, and please feel free to express your thoughts and opinions. 👊

Parıltı Erkan ✨ · Accepted Answer

Struggle :D

PRIYANKA MANDAL · Answer

@istiakahmad thank you

PRIYANKA MANDAL · Answer

Hey Istiak, love this breakdown of business stages. I am currently navigating the survival stage, working on solidifying our business model and managing cash flow challenges. It is a journey and i am learning and growing every day.

Elena Tsemirava · Answer

We hope to enter "Struggle" early next year.

ISTIAK AHMAD · Answer

@priyankamandal Thats super cool and sounds like a plan (: 👊

Sohrab Tellaie · Answer

1. Launching: 🎯 💰🌌

-Priority on acquiring customers
-Continuous investment
-Business model is unclear and wishful

currently in the process of validation our product to market fit and finding product to channel fit!

if anyone wants to provide some feedback -> omni.day is the place!

ISTIAK AHMAD · Answer

@elenat But would you not want to pass the struggle phase and grow?

At the stage of struggle, entrepreneurs or business owners believe everyone will flock to buy their product or service, and the money will roll in. But reality hits rejections, doubts, and desperation kick in. Your focus shifts to just getting customers to prove your business works. Many entrepreneurs forget to improve their product. They brush off feedback, thinking others just don't get it. With a wishful business model and an unclear target audience (when everyone is your customer, no one is), you're stuck in the struggle phase.

This is where businesses often crumble. Entrepreneurs drain savings to keep the business alive which results in shutting down the business and most businesses die in the stage.

So i believe you must reconsider your business structure so that you could pass the phase and grow . I hope this make sense to you. ( :

Naveed Rehman · Answer

Indeed! 🌟 The meticulous delineation presented herein impeccably aligns with the odyssey of entrepreneurship. Each juncture bequeaths a sui generis array of challenges and victories. The epoch of adversity, in particular, serves as the crucible wherein the mettle of resilience and determination is authentically subjected to scrutiny, thereby laying the cornerstone for prospective triumphs. The phase of survival imparts unto us the acumen of adaptability, while stability emerges as the apotheosis wherein the fruits of assiduous labor commence their recompense.

ISTIAK AHMAD · Answer

@sohrab_tellaie Hey Man, check out my another post where i have listed 5 elements to find if your product or service is a winning one or not. here is the discussion link : https://www.producthunt.com/disc... Secondly, If you are at struggle phase then you might want to reconsider your structure because most of the businesses die at the struggle stage. Please check my above comment for the explanation. Thanks ( :

At what stage is your business currently positioned?

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