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Survival (Birth)
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Enough money to get started
Waiting for checks to come in to pay company bills
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Enthusiastic about the opportunity
Challenged, once started, to see beyond tomorrow
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To have their own business
To do whatever it takes, just to survive
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One or two people
The results are a direct reflection of effort
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Infancy
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Operating on a shoestring budget
Challenged to finance the growth
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Operates on a week-to-week basis
Future looks encouraging
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Goal is to keep the customers satisfied, doing whatever it takes to keep them coming back
Get new clients
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People are added only after the person is stretched beyond full capacity, and more
People added, and they wear many hats
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Child
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All bills are covered and extra cash left
Owners can be paid along with staff with no worries
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Operating on a monthly basis
Increased belief in the growth of the company's future
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Continue to get new clients
Controlling overhead while meeting growth needs
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Balancing addition of people with managing growth
People are getting more focused on specific tasks as opposed to handling everything
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Adolescence
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Budget is in place
Credit line is established to finance growth
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Encouraged that there is a long and bright future
Future paved with growth
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Goals are established to grow the business
Easier to achieve
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Promoting people and adding additional staff
People have more of a single focus
Challenged to find enough of the right people
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Maturity
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Budget is in place
Consistent financial management for controlling cost
Adequate funding
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See continued existence of company
Enjoy the security of the business
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Goals are established
Assumption that goals will be accomplished
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Adequate staff is available
Workforce is stable
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Aging
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Budget is tight
Finances are managed tightly and are very controlled to reduce costs
Adequate funding
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Prospects for growth are slim
Sustaining mode versus growth
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Goals are set to maintain
Press to achieve the goals
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Layoffs occurring
Staff shrinkage through attrition
Loss of quality people to the competition
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Retired
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Budget on essential needs only
Financial strain to pay expenses
Creditors are applying pressure for payment
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Business is fighting for survival
It appears there is no future for the business
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Goals are set but not achieved
Discussion of goals and results is very painful
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Layoffs continue to occur
Operating on a skeleton staff
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Graying
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Cutting as much cost as possible
Pressure from creditors for payment or shutting off services
Relying on the credit line for cash flow
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It is known that the company is coming to an end
There is no belief in a future
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Goals are set with no belief that they will be met
Departments are out for their own agenda, not the company's
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Good people have already left
Those who are there are wearing multiple hats
Low motivation level of staff
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Death
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Company is forced to file for bankruptcy or sell for minimal value
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There is no future for the organization
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Goal is to get value out of whatever they can in assets, client lists, etc.
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Typically the owners are the only ones remaining
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