STEP FOUR: Managing a Mature Business

You have grown the business and you are known in the marketplace and the community. You have loyal customers and a significant high volume of repeat business. There are still challenges to meet and decisions to make.

Listed below are some characteristics of businesses in the mature phase.

• Innovation
• Sustaining growth
• Declining sales
• Management succession
• Exit strategy
• Merger and acquisitions

 

Listed below are some links to help you if you are in this stage of development.
Business Opportunities	Financing	Technology Transfer	Other Resources