Our initial post entitled The One Thing introduced the concept that there is a single thing that, if you pursue it with diligence and execute it well, will result in a wide range of benefits for you and your company. Before we explore those benefits in detail, this post will describe the kind of company you will end up creating as a result of having put in place The One Thing.

Although experts can’t agree on the actual Stages of Companies/Businesses, there is ample support for using the term Third Stage to describe the kind of company we’re all trying to create. Small and large, third-stage companies have reached the point where they can largely sustain themselves.  Their CEOs have put in place systems that allow them to spend more of their time on strategic matters and they have managed to strike a healthy balance with their personal and business lives.  A Third Stage company has other traits as well: