Episode 071 | Navigating the Dynamics of a Growing Business Artwork

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Episode 071 | Navigating the Dynamics of a Growing Business

October 09, 2024 • Warren Averett • Episode 71

After moving past the risky startup stage, a business enters the growth phase of the Business Owner Lifecycle, which presents its own opportunities and challenges. During the growth phase, entrepreneurs must shift from working in the business to working on the business, requiring a new set of skills and a keen understanding of potential risks and opportunities.

Will Aderholt, CPA, CCIFP, is a Member of Warren Averett’s Tax Division, and in this episode, he joins The Wrap to discuss the Growth Stage of the Business Owner Lifecycle and how entrepreneurs can set themselves up for sustainable success.

In this episode, you’ll hear:

About the shift in mindset needed from the excitement of the startup stage to the hard work of business growth
Insights around cash flow and cash management
Characteristics of a growing business and the types of growth
How to balance risk-taking with cautiousness
Tips on reinvesting in the business
The indicators that a company is transitioning from the growth stage to maturity

Resources for additional information: