The oldest business in the world is a hot-spring hotel called Nisiyama Onsen Keiunkan in Yamanashi, Japan. which has existed since the year 705. A business that is far into maturity.
A new startup is like a teenager, it’s chaotic and unpredictable because you don’t know who you are yet.
Maturity in humans is the capacity to realize what is of value in life, for yourself as well as for others.
When a person can see what needs to be done and can do it successfully without being told what to do they are mature.
In business, maturity follows the same path. At first, you lack a lot of information about who you are. You have assumptions but they’re usually deceived. You may realize that your customers are not the type of customer you thought they would be. You may realize that your product or service needs to change to fit them better. You may realize that your partner or the people you hired aren’t the right fit. Or maybe that your marketing isn’t the right message.
On the other-hand a mature business knows how it got to be where it is and knows what it must do to get to where it wants to go.
Also published on Medium.