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The stages of growth

About this topic

Every new business wants to grow. While a new venture is always exciting, eventually you want to stabilize your shiny, new idea into a profitable (and sustainable) business model. However, lots of new businesses go about growth in entirely the wrong way – either too much too fast, or too little too late. So, how can you know the right growth strategies for your business? While every company is different, this unit outlines some of the key indicators that your business needs to shift its growth strategy depending on its stage of development.

ANZ Business Growth Online Program introduction to module 2, presented by Dr Jana Matthews, Australian Centre for Business Growth at UniSA.

What you'll learn

  1. The four key phases of business growth
  2. How to transition from a start-up model to a growing business
  3. When to start expanding your product/service offerings
  4. Identifying when to be the key decision maker and when to delegate
  5. How your role as a leader changes as your business grows

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The ANZ Business Growth Program is brought to you by Australia and New Zealand Banking Group Limited ABN 11 005 357 522, AFSL 234527 (ANZ) and its related bodies corporate (together called the ANZ Group). The content provided in the ANZ Business Growth Online course has been licensed from the Australian Centre for Business Growth, University of South Australia.  The professional opinions, views and advice provided on this site are those of the author, The Australian Centre for Business Growth, University of SA.  The opinions or views on the site are not necessarily the opinions or views of the ANZ Group and the ANZ Group makes no representation and gives no warranty as to the accuracy, currency or completeness of material contained in the ANZ Business Growth Online course.

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The information provided does not take into account the individual needs and situation of your business. The ANZ Group, and their respective directors, officers, contractors and employees disclaim any responsibility, and shall not be liable, for any loss, damage, claim, liability, proceedings, cost or expense arising directly or indirectly (and whether in tort (including negligence), contract, equity or otherwise) out of or in connection with the contents of or any omissions from the ANZ Business Growth Online course.

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Copyright in the material contained in the ANZ Business Growth Online course is owned or licensed by ANZ. The content in the online course is © University of South Australia, Centre for Business Growth 2017. You may distribute, publish or link to the content of the ANZ Business Growth Online course (each a Permitted Use), however each Permitted Use must:

  • reference the ANZ Business Growth Online course as the source of the material;
  • reproduce the material in a way that is accurate, complete and not misleading.

ANZ reserves any rights not expressly granted in these terms of use.

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