Growth phase refers to a period of growth in a company's life time that is characterized by increasing sales and fixed costs. However, the earnings situation grows disproportionately. In such a case, it doesn't matter whether your company has 5 or 10 or 500 employees.

This phase places special demands on the entrepreneur.

Business economics provide helpful tools which always have to be kept in mind by growing companies:

• Planning and budgeting
• Cost accounting
• ABC analysis
• Competitive analysis

Tax law allows tax-neutral optimization of the legal form for growing businesses. A tax-optimized structuring for their own or external growth may be achieved by

·        growth financing of atypical silent partners,
·        strong investment activity in the operation of a limited liability company concerning low current tax (25%) (debts may be repaid faster) or
·        debt financing by non-institutional lenders (participation of tax losses may become attractive).