The 7 Stages of Small Business Success
A small business cannot be easily defined. Here is the breakdown of the seven stages of small businesses according to their success factors at each stage.
1. Solopreneur
# of Businesses in America – 22M
# of Employees - 1
Annual Sales – 0 to 100K
The Success Factor – Time
2. Partnership
# of Businesses in America – 1.7M
# of Employees – 2 to 3
Annual Sales – 100 to 300K
The Success Factor – Salesmanship
3. Steady Operation
# of Businesses in America – 1.9M
# of Employees – 4 to 10
Annual Sales – 300K to 1M
The Success Factor - Marketing & Service
4. Local Success Story
# of Businesses in America – 900K
# of Employees – 11 to 25
Annual Sales – 1M to 5M
The Success Factor – Set the Vision
5. Managed Organization
# of Businesses in America – 200K
# of Employees – 26 to 100
Annual Sales – 5M to 20M
The Success Factor – Hire to the Vision
6. Mature Company
# of Businesses in America – 60K
# of Employees – 101 to 200
Annual Sales – 20M to 40M
The Success Factor – Strategic Planning
7. Corporate Player
# of Businesses in America – 30K
# of Employees – 201 to 500
Annual Sales – 40M to 100M
The Success Factor – Leader Development
