What is the Life Cycle of a Business?
The Purpose or Strategy of Starting or Acquiring a New Business
Every business or corporation has a life Cycle. The steps in the Life Cyle of any business include:
Acquisition / Expansion
Challenge / Lawsuit / Market Changes
Sale / Disposition / Dissolution
In a recent CNN story, it was noted that the failure rate of California’s small to mid-sized businesses is 69% higher than the national average. That is a staggering thought. The national average for business failure is almost 75% within 3 years.
The primary focus of any business owner or management team, especially in a young LLC or corporation, should be: “What actions can I take to endure that we are in the small percentage that survive and prosper?
A successful business is based upon sound strategy.
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For more information or to discuss your tax, legal and accounting needs contact Allen Barron or call 866-631-3470 for a free and confidential initial consultation. Learn about the importance of integrated business strategy and coordination across legal, tax and accounting systems.
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