The Five Stages of Business Life

THE FIVE STAGES OF BUSINESS LIFE SEED GROWTH EXPANSION DECLINE THE SEED STAGE The seed stage of your business life cycle is when your business is just a thought or an idea. This is the very conception or birth of a new business. GROWTH STAGE Your business revenues and customers are increasing with mạny new opportunities and issues. Profits are strong, but competition is surfacing EXPANSION STAGE The expansion stage is often the choice of the small business owner to gain a larger market share and find new revenue and profit channels. DECLINE STAGE Changes in the economy, society, or market conditions can decrease sales and profits. This may quickly end many small companies. EXIT STAGE This is the big opportunity for your business to cash in on all the effort and years of hard work. Or it can mean shutting down the business. %24