Business Life Cycle
Business Life Cycle
- Pre-start: involves an analysis of the feasibility of the business concept such as technical skills, management skills, target market analysis and financial capacity. This phase requires pre-seed capital
- Start up phase: after making sure that the business idea is feasible, it is put into implementation. This phase requires seed and startup capital, which is needed for business that have not yet fully established their commercial operations.
- Growth: This also referred the expansion phase. Businesses in this phase require capital investments to enhance growth and expansion.
- Maturity: the business has established its operations and is making profits. Mature businesses require capital investments, management buy in and management buy outs.
- Decline phase: the business is facing a growth decline and profitability declines. In this phase, the business owner can either have a contingency plan to close the business or sell the business to other potential investors.
Business Life Cycle
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