Every business must go through four stages of growth, whether it's an upcoming start-up or an established business. 

Let’s take a look at these stages:

1. Start up

This is the riskiest life cycle of a business. This is also the phase where * you need to figure out the kind of businesses that do things differently. 

Take for example these manners:

• Hiring employees
• Task delegation 
• Creative culture

2. Growth

We need to make things clear for our target audience. 

At this stage you begin to understand the following: 

• Goal setting with a purpose.
• Monitor your growth realistically. It’s a good motivation to know the direction you’d like your business to go. 
• Maintain capital funds too, as this will cover for your medical and final bills. 

3. Maturity

If human beings have it, so does a business. 

Maturity stage is where you simply manage your business growth and make sure that your goals are accomplished. 

You should not just sit still as a mature business. This is the part where an expansion of your company is possible. The market penetration of your company can be increasing. Make sure your product serves a larger audience.   

4. Renewal or Decline

Whichever stage of business growth you’re in, knowing where you are is your first important task. Being in this stage, renewal can help with your company’s strategic planning and long-term success. Whether you’re a new or mature business. Don’t get too comfortable. Find opportunities to change and make your business become more valuable.