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Breaking Down the Stages of Small Business Growth in 2020

Businesses are constantly in the process of growing. This is particularly true for small businesses, which begin life with a handful of employees and limited goals.

Small companies have the potential to expand, but they have to create a business model that works for them over the long term, and use their capital well.

What many entrepreneurs don’t realize is that business growth tends to follow a set pattern. One does not simply go from opening up a business to seeing it become profitable—a lot happens in between.

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