Building a successful business

Why does one business grow and become successful, while another struggles to move beyond the early stages of growth? 

Businesses generally grow in a similar way – from existence and a struggle to win customers, to growth, maturity and then decline. The time periods vary, but this is the general pattern.  I believe the difference between the survivors and the ones that fall by the wayside is entrepreneurship. The entrepreneurial company is able to exploit business opportunities and focus on future growth, and its leader is able to build a management team and a company culture that can take advantage of changes in the marketplace, and develop and execute strategies that address critical issues. 

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