The Third Business Lifecycle: Growth and Establishment

“Good fortune is what happens when opportunity meets with planning.”

– Thomas Edison

April 2023

The seminar addressed the familiar journey of business owners through the ups and downs of running a business. Acknowledging the excitement of launching, the challenges of the early stages, and the satisfaction of surviving and thriving through the second lifecycle, the focus shifted to the critical phase that followed.

The third business lifecycle, recognized as the Growth and Establishment Stage, was explored as a pivotal phase for businesses that successfully navigated the early challenges. Despite the achievement, this stage presented its own unique set of challenges that business owners needed to navigate to sustain and build upon their success. The seminar aimed to provide participants with an overview of the characteristics of the third business lifecycle and strategies to overcome challenges while capitalizing on opportunities. It offered valuable insights into the intricacies of the growth and establishment stage, equipping business owners with the knowledge needed to navigate this critical phase in their entrepreneurial journey.