Which stage focuses on the expansion of a business and securing funding?

The stage that focuses on the expansion of a business and securing funding is known as Takeoff. During this phase, businesses generally experience rapid growth and begin to scale operations. It's a critical period that often requires additional funding to support the increased production, marketing, and operational activities needed to capitalize on new opportunities.

In the Takeoff stage, companies often seek external sources of capital, such as investors or loans, to finance their expansion plans. This could involve developing new products, entering new markets, or increasing their workforce. The emphasis on securing funding and managing rapid growth distinguishes this stage from others in the business lifecycle, which may have different goals and challenges. For instance, while the Maturity stage focuses on maintaining a firm’s position in the market and optimizing efficiency, Takeoff specifically addresses the growth trajectory and financial support needed during this time.