There is no magic bullet, no one key to success, and no one thing that you can solve to make your business successful. Every business and business owner is unique. Your mix of employees is unique. Every industry is unique. And every business is at a different stage in its growth. 

These 4 stages of growth are:

• Startup
• Growth
• Maturity
• Renewal or decline
   

Each comes with unique challenges that your business will need to find creative solutions to overcome.

Many people consider the first stage of a business's life cycle to be the riskiest. In fact, only about 80% of startups with employees survive the first year, according to the U.S. Bureau of Labor Statistics. But, whichever stage of business growth you’re in, knowing where you are can help with your company’s strategic planning and long-term success.

But at the end of the day, is there really a formula for success? 

The Three-Legged Stool

The three things all businesses need to sustain...