The Concept of the Life Cycle of a Company

Photo by Tetiana SHYSHKINA on Unsplash

As businesses grow and evolve, they go through different stages of development. These stages are collectively known as the life cycle of a company. To the uninitiated, the very concept of a company having a life cycle might seem absurd — after all, isn’t a company just a collection of people working together to make money? But as any seasoned business owner or manager will tell you, there is much more to it than…