“Currently, second-stage businesses have the most unlocked growth potential,” said Mark Retersdorf, director of Mohave Community College’s Small Business Development Center (SBDC). “ This roundtable will give our local CEOs a chance to share ideas and solutions to their growth challenges.”
Second-stage companies are classified as those that have grown past the start-up stage, but have not yet grown to maturity, according to Retersdorf. They have one owner/CEO and are capable of employing a professional management team to grow their business.
“Many of these businesses are stable and owners are satisfied with their performance,” Retersdorf said. “But what they don’t realize is they are teetering on the edge of extreme profitable growth. By implementing a few techniques, they can overcome certain fears. This roundtable will be their first step to unlocking their businesses’ potential.”
Businesses must be referred by an entrepreneur-support organizations, such as community colleges, universities, chambers of commerce, economic development organizations, or an SBDC.
Eligible criteria includes: a for-profit privately held company headquartered and operating in Mohave County for at least the previous two years, between $750,000 and $50 million in annual revenue, employs six to 99 full-time equivalent W-2 employees, revenue or employee growth in two of the last five years, and provides products or services beyond the current service area to regional and/or international markets.