Development and Startup: - Securing adequate funding is often a significant hurdle. - Establishing a strong value proposition and identifying a target market. - Navigating legal and regulatory requirements.
Growth: - Scaling operations without compromising quality. - Managing cash flow to support rapid growth. - Building a capable team and maintaining company culture.
Expansion or Renewal: - Identifying viable new markets or product lines. - Allocating resources for research and development. - Managing the complexities of diversification.
Decline or Exit: - Recognizing the signs of decline early. - Deciding between rejuvenation or exit strategies. - Managing stakeholder expectations during transitions.