I want to share a really important framework that helped me scale 3 businesses. I look at this as my roadmap to business success.
It’s the five stages your business should go through so it becomes an asset.
If you have a business at any stage and you feel either stuck in it or hit a ceiling, this can help you get to the next stage.
If you understand it and follow it, it will help you identify:
- Where you need to take your business – your goal
- Where you are now
- Where you need to go next
- What needs to be done to reach the next level
Stage 0: The Idea
Every business starts with an idea. At some point, something clicked—an event or inspiration—and you decided to turn that idea into a business. You’ve got a concept, and you’ve likely shared it with friends or family. Eventually, you make your first sale. That’s when you’ve officially entered Stage 1: Survival.
Stage 1: Survival
This stage is all about making enough money to keep your business alive. It’s non-stop selling and delivering, ensuring you can sustain the business and, to some extent, your lifestyle. You’ll be refining your product or service, getting feedback, and improving what you offer. Once you manage to survive this stage, you move on to Stage 2: Stability.
Stage 2: Stability
At this stage, your business can support your lifestyle. You’ve got enough revenue coming in, people know what you do, and you might even get referrals and organic traffic.
The challenge here is that your business still relies heavily on you. If you were to take a break or go on holiday, everything would come to a halt.
Unfortunately, many businesses get stuck here—even after 20 years—and often end up closing because the owner gets tired of constantly being involved. The key to moving forward is reaching stage 3.
Stage 3: Systems
This is the first step toward financial independence. It’s all about organising how your business runs. You need to document your processes, create systems, and automate where possible.
If you think your business can’t function without you, you either need to re-evaluate your model or start building systems that allow it to run smoothly. In 99% of cases, it’s entirely possible—you just need to know how to extract your knowledge and put it into a framework.
Once your systems are in place, you can move to Stage 4.
Stage 4: People
Now that you’ve got your systems in place, it’s time to hire people to run them.
The mistake many make is jumping from Stage 2: Stability directly to hiring, without having the right systems in place.
This leads to chaos, confusion, and inefficiency. For example, a client of mine in Dubai hired five salespeople, spending £30,000 to £40,000, but they generated very few sales. Why? He didn’t have any sales systems—no scripts, no CRM, no lead generation system. So, the salespeople didn’t have the tools to succeed.
You have two options here: either build the systems yourself and train people to use them, or hire people to help you create those systems, which can be more costly but may be necessary for larger businesses.
Once your systems are running smoothly and your team is in place, you’re on the path to Stage 5.
Stage 5: Growth
At this stage, your business becomes an asset—it makes money without you being there. This is the point where you can step back, take holidays, sell the business, franchise it, or even start another venture. Your business is scalable and runs on its own.
People often ask me, “How much should my business be making at this point?” Well, it depends. Some businesses are more complex than others, but whether you’re aiming for £20,000 a month or a seven-figure income, the key is to get your business through these stages.
By identifying where your business is on this roadmap, you’ll have a clear vision of what needs to be done to move forward. Over the coming weeks, I’ll be providing resources and frameworks to help you get from one stage to the next. Stay tuned!
