Startup Lifecycle: A Deep Dive into the Key Phases of the Startup Journey
- Startup Framework
- Important Startup Stages
- Every startup moves through top-level six stages of development throughout its lifecycle
- Each startup has an actual stage and a behavioral stage
To cut it short
The organic nature of early stage growth depends on six key phases including ideation, concepting, commitment, validation, scaling and establishment. While the initial stage should have one outstanding idea that makes the startup strike in the market, the second phase should comprise of a clear concept and direction to get there within a set time frame.
The next stage should include committed resources consisting of a founding team and capital to develop the idea into a product/service. This should then follow with early validation to gauge customers’ response to the developed product.
Once the first four stages have been defined, the startup should scale and pedal the drive to growth aggressively and establish it as a continuous process to uphold the positive momentum.