As a business matures, it enters a phase of optimization and fine-tuning. We call this the last 10% (only reaching 90% of your goals). The refinement stage is about improving operational efficiency, enhancing customer experiences and responding to changing market dynamics. This could involve streamlining processes, implementing feedback-driven improvements, investing in innovation and fine-tuning marketing strategies. The goal is to increase profitability in the last 10% after covering fixed costs, which aren’t directly tied to making products.

Business Process Management (BPM)

Corporate Culture

Fractional Leadership

Leadership Training

Understanding the stages of business development can help entrepreneurs and business leaders anticipate challenges, make informed decisions and navigate the complexities of running a business effectively. Each stage presents unique opportunities for growth, learning and adaptation, ultimately contributing to the long-term success and sustainability of the company.