You’re just getting started, you have the beginnings of an idea, but you need to develop your idea further. Key steps include: Self-assessment; Look for co-founders; Develop a Value Proposition.

Designing your offering, creating a legal entity, obtaining needed resources – people, equipment, location, financing – getting everything in place so you can “open your doors.”

This stage is about developing a stable, profitable, scalable business.  Your focus will be on sales and marketing to establish revenues, and operations to service customers.

You have developed a stable business; now it is time to focus on growing the business. You will be developing new markets and broadening your product/service offering.