Businesses are not static beasts, they change and evolve over time – and as they do, their needs vary. By understanding the different life-cycle phases of a business, owners have the ability to position themselves differently and focus on different facets which will drive enhanced returns.
Broadly, there are 5 distinct life-cycle stages;
- Established / Expansion
All of these naturally share some characteristics, but each life-cycle has its own identity.
It starts with an idea and then a business is born. The barriers to starting a business are pretty low, so many businesses start … Read More