What are the stages that a startup goes through?
by SMEBOOK (admin) · January 19, 2021
These are the stages that a start-up go through:
- Devising and Formation of Business
- This is considered the very first step for a start-up. During this stage, the founding group devises an idea and forms a succinct business plan to explain the process.
- Proof of Concept
- The next phase includes gaining traction or rather the proof of concept. This process sees the company refining their initial idea and further perfect it to form a sustainable, prudent business.
- Expanding the Business
- The final stage of a startup includes scaling up the business or proving the business model.
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