13/05/2025
A friend of mine asked like Mac what's timeline for an emerging business to bear fruit varies widely depending on factors like..It was a great question coz many business take moves wrongly,,So I highlighted points below ✓
- Industry and market conditions
- Business model and strategy
- Competition and market saturation
- Team expertise and ex*****on
- Funding and resources
Generally, here are some rough milestones:
1. *Validation phase (0-6 months):* Validate your business idea, test assumptions, and refine your product or service.
2. *Traction phase (6-18 months):* Gain initial customers, iterate based on feedback, and start generating revenue.
3. *Growth phase (1-3 years):* Scale your business, expand your customer base, and increase revenue.
4. *Maturity phase (3+ years):* Establish a strong market presence, optimize operations, and explore new opportunities.
As for buying big-ticket items like plots or cars, it's essential to consider:
1. *Cash flow:* Ensure your business generates consistent, sufficient profits.
2. *Financial stability:* Have a solid financial foundation, including emergency funds and manageable debt.
3. *Long-term strategy:* Consider whether investing in assets aligns with your business goals.
Typically, it's wise to wait until your business has reached a stable growth phase (around 2-5 years) before making significant investments. However, this timeline can vary based on individual circumstances.
Mac The Young Business Coach 🥹
Coach Steady
Mali Mali