The Business Life Cycle

Much of a business's life cycle depends on the goals of the entrepreneur as covered in the Entrepreneurship module.

The life cycle curve of a business looks similar to a product's life cycle curve. It has four business phases: start-up, growth, maturity, and decline.

As the business matures you will want to consider whether you want to

• continue running it
• bring in partners or family members
• sell it, or
• close it down.