How Entrepreneurs Can Adapt and Grow Their Businesses at Any Stage Different skills are necessary for different points of your growing company.

By Business Rockstars

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Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Business Rockstars speaks with Keith Smith, the CEO and co-founder of Payability. The company helps vendors and sellers get cash faster. Smith got the idea for Payability when he noticed traditional suppliers and sellers were increasingly turning to nontraditional options for financing. The company allows businesses to turn earnings reports into receivables, which can then be financed.

Smith recommends CEOs consider where they are in their business development journey, because the skillsets needed for growth can vary depending where you are. In the beginning of a business, the CEO recommends customer exploration. Then, a CEO of a more established startup should shift focus to money management and the hiring process.

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