4.         EXPANSION STAGE

School businesses in the expansion stage are faced with the need to gain a bigger market share such as, more popularity among students and parents and have more students. This is the stage to stream in new revenues and profit.

Challenges at the expansion stage include:

[i] How do you handle increasing market competition

[ii] How do you acquire more share of the market?

[iii] How do you improve on your services?

[iv] How do you expand the already existing entity?

5.         MATURITY STAGE

When a school reaches the maturity stage, the IDEA that was just a THOUGHT in your mind earlier, is now dominating and has stable profits because of strategies you came up with during the initial stages. Maturity stage relies on a financial source to help overcome the challenges and keep the school up on its booming record.

You will live to enjoy the fruit of your labour in Jesus name. Other men and women who did not know how you laboured/suffered for your business will NOT reap the fruit of your labour. Amen.

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