Attracting, rewarding, and retaining top-performing employees are now major concerns. At this stage in the game, the business owner's primary concern is with the expansion of the business. If this issue has not been addressed, attention turns to providing complete employee benefit packages to all employees, as well as additional selective benefits that are needed to reward and retain key people. At this point, the owner is probably concentrating on disengaging from the business. Depending on age, the owner will either go on to new ventures, continue to run a successful business, or make arrangements for business succession and enjoy retirement.
Concern is that all the bases are covered.
If you would like to discuss how the 5 Stages of Business Growth relate to your business needs, contact one of our highly trained financial representatives near you.