Hi all,
Every small business has to go through ups and downs that are a part and parcel of the game. As an entrepreneur, when I started out, I had little knowledge about the business life cycle and growth stages. It took me a lot of time to understand the steps that every business owner has to follow to accomplish his goals and reach the target. I happened to have a mentor who guided me through these phases, and I was able to pull through them without getting into losses. The most difficult stage for me was the survival stage when I had to work day-and-night to keep the business afloat. If you wish to know about these stages, here is an article that can help.
Read more: https://www.business2sell.com.au/blogs/evaluation/the-five-stages-of-small-business-cycle-and-growth
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