(Ami Kassar, Inc) – Whether you’re on into running your first business or on your way cutting ribbon for the third, fourth, etc. business establishment you have, for sure you will experience the various stages of being an entrepreneur or have gone so far and got yourself adept into the different roles of an entrepreneur.
The following are some of the stages that classify an entrepreneur according to the responsibilities he assumes in rearing the business.
He emerges naturally when the business is in financial distress, that is, when it is experiencing serious losses that could, at any point of time, lead the business into naught. He is The Crisis Manager. During this stage, one could have been exerting his superb know-how in effecting the extraordinaire of all techniques to allow the business be freed from dire slump.
Quite the opposite of the latter stage is The Stuck, aka the “would-be expander”. The business is fallen into risk and this entrepreneur, working into rescue, executes the solution, but still does not come up with the perfect outcome. This could be due to due some instances other than the means executed by The Stuck entrepreneur. It could be due to the lack of the right skills on the part of the workers.
A persona of another stage is The Exiter. This entrepreneur becomes the star at the finale of the business. He settles the issues and accounts arising out of the business so that no one is left hanging when the business goes out of the market.
There are two other important stages which, indeed, are part of the entrepreneurial journey. They are described in the original article.