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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What are the stages that a startup goes through?

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