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Copyright 2006
Cornell University.
All rights reserved.


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.





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