Bruce M. Copertino

All businesses have a life cycle. They start with an idea of providing a service or a product. When an entrepreneur writes the idea on paper, the idea begins to take form and shape. However, it only blossoms into reality when the entrepreneur takes a risk, i.e., invests money, gets a loan, quits his job, etc. At that point, the business is born. And just like a living being, it goes through different stages. We have grouped the various stages of a business life cycle into four major phases: Start-Up, Growth, Expansion, and Mature.

Find Your Business Life Cycle
The Seven Stages of Business Life

Your business is changing. With the passage of time, your company will go through various stages of the business life cycle. Learn what upcoming focuses, challenges and financing sources you will need to succeed.

1. Seed Stage:
2. Start-Up Stage:
3. Growth Stage:
4. Established Stage:
5. Expansion Stage:
6. Decline Stage:
7. Exit Stage:

Whether your business is a glowing success or a dismal failure depends on your ability to adapt to it's changing life cycles. What you focus on and overcome today will change in the future. Understanding where your business fits on life cycle will help you foresee upcoming challenges and make the best business decisions.

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