Business Life Cycle Stages

Exit Plan stage

Owners make a profit from selling their ownership in a successful company.

Existence stage

The first stage of the business life cycle marked by the business being in operation but not yet stable in terms of markets, operations, or finances.

Success stage

The third stage of the business life cycle marked by the firm being established in its market, operation, and finances.

7

There are ___ stages in a business life cycle.

Pivot or Persist

When an owner decides if they'll continue to grow the business into a large company or pivot to a new project.

Take-off stage

a period of economic growth accompanied by a growing belief in individualism, competition, and achievement

Resource Maturity stage

an owner decides whether to continue growing the business or to sell the business

Survival stage

period when revenues start to grow and help pay some, but typically not all, of the expenses