Pursue one niche, at first
Match the business opportunity with your skill, Experience & Passion
Direct time & Resources to this niche
Develop ownership structure
Find professional advisors
Development of Business plan
Find initial funding
Business exists in legal terms
Establish system for accounting
The business exists in legal terms. Products and services are available, and you have new customers.
Marketing strategies and sales have made an impact on the business.
New periods of growth into new markets. Look for opportunities to gain a stronger market share.
The business has reached its highest peak as it is and will require aggressive strategies to stay afloat.
All things financial have decreased and acceptance of failure to extend the business life cycle by not adapting to the changing business environment.
It’s inevitable that the business will not bounce back to earlier stage of growth. This is the opportunity for the owner to cash-out on their years of hard work.