What Stage in The Life Cycle is Your Business?
Businesses go through various Life Cycle stages. This will depend upon what you, the owner, is in business for. Is your business starting up? Or, are you wanting to grow it? Maybe you want the lifestyle that your business can give you or you are at the stage of exiting.
GamePlans Can Assist You With Issues
Once you have identified the stage your business is at now, it is time to work out where you want to be in the future. We suggest a 3 year GamePlan. Then shorter GamePlans (financial quarters) help you get your business there.
Selecting Next Diagnostic Step
Learn to use the 12Faces Diagnostic Process to best advantage, click More Info.
Choices For Business Life Cycle Related GamePlans
Start-ups
Start-up is a very traumatic part of the business life cycle with steep learning curves and plenty of mishaps; just like it is for children. Up to 50% of start-ups fail in their first year!
Because this phase is so complex, a specialised body of knowledge, often referred to as “Lean Start-ups“, has grown up. We offer selected resources on the link above and also recommend “Lean Start-up” methodology.
Growth
The big challenge for a business, that has chosen to grow, is to keep all the 12Faces of their business in harmonious balance.
Above is a link to the starting point for our Diagnostics System which allows you to drill down on whatever topic is on your mind.
Our GamePlan approach – and several of the predefined GamePlans – will be of use. See the list elsewhere on this page. GamePlans and Diagnostics work together with our Tools listed in a separate page off the top site menu.
Lifestyle
At some point, you will decide that you are over the constant stresses of growing; at least for now. Your 3 year GamePlan might be to get your business to a place where it runs without such an investment of time and energy. This will give you more time to enjoy other aspects of your life.
Typically, you will focus on the optimisation and staff management aspects of your business in the 12Faces Diagnostic System. This will enable staff to implement with less input from you.
Exit
At some point in time your thoughts will turn to selling your business or passing it to the next generation. It typically takes up to 3 years to position a business for exit and this fits nicely as a 3 Year Exit GamePlan.
Always keep in mind that an exit may be thrust upon you at any time. It might be a health or family crisis or it might be that someone makes you an offer “too good to refuse”. Keeping your business always lightly tuned for exit will help get you the best result no matter when the need arises!
GamePlan Outline: Failing Business Turnaround
This bundle of resources helps to rapidly improve a business experiencing financial hardship.
You save time by working through possible options, executing those that can improve the situation and skipping or postponing those less useful in your particular case.
How to use our Diagnostics
Click on relevant links above to drill down and find possible solutions to your current issue.
Know of other Diagnoses and Solutions?
Please let us know of other possibilities by emailing us with an outline. We will update our resources so you will be helping those who follow you.