Where is your business now?
It is essential
to have an understanding of the Business Life Cycle when considering
starting your own business so that you will be able to maiximise opportunities
and minimise pitfalls at whatever stage the business is in the lifecycle.
The Life of a business (or indeed a product, the pattern is identical) can be summarised as follows: startup-growth-maturity-decline.
Alan will be glad to offer expert advice which will ensure that your business does not reach the 4th stage - Decline. The Business Life Cycle is represented in this diagram: