
The Start-Up Stage is akin to the birth of a business and it is marked by active revenue generation. It’s the second stage in the Nehemiah Business Life Cycle, which requires entrepreneurs to take essential steps for business implementation and revenue generation. Despite its apparent simplicity, many entrepreneurs, out of ignorance or complacency, may delay revenue generation and inevitably risk the success of their venture. The ability to launch and generate income is crucial to validate a business idea and ensure its sustainability. The Start-Up stage can last up to five years, depending on the business and the industry.
KEY CONSIDERATIONS
- Have you launched your business or moved beyond the idea stage?
- Are you actively generating revenue?
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