A small business goes through four various stages of life and business development. As a result, what you focus on today may differ from what’s important tomorrow, and your challenges will change and require different approaches to succeed.
You need to be able to anticipate upcoming challenges, and as a result, acknowledging where you are and creating a strategy to move through them is critical.
In today’s post, we’re going to give you the four life stages that we felt we experienced and have helped thousands of our partners maneuver through as well — successfully. Let’s get started.
4 Stages Of Life Inside your Business
In this stage, it’s when you are or appear to be, surrounded by chaos and drama. It’s where you are complaining, the unhealthy comparison is in play, and you’re all over the place! Crisis can take up quite a few phases of its own, right? So, many small business owners can find themselves trapped in this stage longer than others.
The best thing to do in this stage acknowledges that you’re in it!
Take an authentic look into your business and life, and identify where you spend the most time.
In general, a business can bring about obstacles you must be prepared to deal with. While in the crisis stage, this can be tough. You risk burnout, crash and burn, or simply spinning your wheels and moving nowhere.
As we shift into the following stages of life and business, you may hover on this line longer than anywhere else. It’s when you know you need out of the crisis stage or things start to look a little brighter, but the necessary strategies aren’t quite in place yet.
And as a result, you risk finding yourself right back in crisis all over again.
This phase can be exhausting. Survival should indicate on route to victory, but as mentioned above, you will find yourself taking a step or two backwards instead without the right strategies in place.
The feeling of ‘going into survival mode‘ can be an asset. It’s where your perseverance may be more vital, you adopt the ‘by any means necessary’ work ethic, and you can see glimpses of that success you long for.
What is essential in this stage is that you do not become too comfortable. Know that your success stage is close but it will take some grit.
This stage will challenge you, but it will be for the greater good.
The third stage is where you learn to fall in love with what’s uncomfortable. Don’t be afraid of this. Instead, lean into these moments. Have faith that in the success stage getting outside of your comfort zone will help propel your growth.
You will begin to see the monetary success you were hoping to achieve, your teams will be growing, business is on an uphill trend, and you will be hitting your initial goals.
But guess what?
Please do not get comfortable here either because the last stage, in our opinion, is one of the best places to be!
The final stage we want to discuss in this post is your contribution, legacy, and impact. Also known as your significance.
We’ve had some great mentors who have helped us go through these four stages, and we encourage you to do the same. As a result, we now spend more time going back and forth between success and significance than in the other phases. Sure, we occasionally dance along or around crisis and survival, but we are better equipped to deal with them.
All sounds great, right? Well, significance also doesn’t need to be a stop where you get too comfortable, either. You need to continue always striving for better. More lives to impact, more people to pour into and more influence to create.
Where would you describe your business, life or otherwise right now? Which stage are you finding yourself in?