From the moment you land your first client, you’re in the “business life cycle.”
Recently, my friend Thomas Lee walked me through the 9 stages of the business life cycle over dinner and I knew I had to share it with you on the podcast. It was like getting an MBA in one conversation.
In addition to being a small business consultant and executive coach, Tom has also served as the President of Full Line Collection Inc., a high-end distributor of jewelry and accessories in highly competitive garment district in the heart of New York City for 11 years.
Tom shares incredibly valuable insight that has kept him at the forefront of the fashion industry, and I know this framework will help you think longer-term about your own business.
The 9 Stages of the Business Life Cycle:
- Birth stage
- Infancy stage
- Toddler stage
- Teenage stage
- Young adult stage
- Prime stage
- Aging stage
- Institutional stage
Today’s Featured Resource: The 9 Stages of the Business Life Cycle:
This free worksheet will help you map out the trajectory of your business and determine which stage of you’re currently in. (Email required)
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