Seven Strategies for Second-Stage Companies
Second-stage companies have survived the startup phase, and have the intent and capacity to grow. Taking your company to the next level often involves resources in a few specific areas.
Drive your business to the next level with a well-crafted business plan. And if you need funding for growth, your lender will want to see a business plan.
Marketing and Sales
Marketing is all about customers: knowing their needs and wants and creating the environment in which it is easy for them to buy. The Missouri SBTDC offers a great Guide to Developing a Marketing Plan. Also check out:
Your people are your company's most valuable asset. Be thoughtful in how you attract and retain the right employees to support your growth.
Maintaining Permits and Registrations
Get legal and stay legal with the help of this state-run website.
Explore the various options for fueling your business' growth.
Boards of Directors
Oversight and governance become increasingly important as companies grow.
Successful companies think as much about how to get out of business as they do how to get into business.
Missouri has a variety of business incubators designed to support business growth and development in many industries.
Technology and high-growth businesses can find additional information for growth in High-Tech.