Understanding the Five Levels of Business Success and What They Mean for You and Your Company

 

circleofbusinesslifeRemember that song “The Circle of Life” from The Lion King? It reminds us that everyone is born, grows up, gets older and eventually passes away. While you might not need a biology class to understand all of that, you might need a business lesson to teach you how much that life cycle applies to organizations of all shapes and sizes, and that as an executive, your knowledge of this life cycle could mean the difference between your company’s failure and success.

The fact is, you must lead and manage an organization differently depending on where it is in its life cycle. In other words, leading and managing a company is far different when the company is beginning to grow or just starting out than it is when an organization is mature and has many successful years to fall back on. Trying to be a successful leader in an organization without understanding this concept is like playing baseball without knowing what inning you’re in, if you’re winning or losing, or how far into the season you are.

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Bill McBean

Bill McBean

Bill McBean, author of The Facts of Business Life: What Every Successful Business Owner Knows that You Don't, spent many of his nearly forty years as a successful business owner in the automobile industry where, he purchased several underperforming dealerships and turned them into a successful business enterprise with yearly sales of more than $160 million. McBean is involved in several new businesses, including McBean Partners, an investment and business mentoring company, and Net Claims Now, which provides administrative services and support to the restoration industry.

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