Surfing the business life cycle

by Alan Hargreaves in Flying Solo

Like many other aspects of life, business is full of cycles. Being aware of the business life cycle you’ll be better equipped to respond, and to reignite your energy during the inevitable downward turns.

As the recent GFC has shown, the economy moves in cycles, with a recession and subsequent recovery roughly every five or six years. There’s the life cycle of your products, which don’t remain fashionable forever. There’s also the life cycle of your business: it might begin as an exciting start-up but in most cases, decline is probably out there some day. 

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What is the value of your business?

by Alan Hargreaves in Flying Solo

People tend to focus on valuation only when they are ready to exit their business. But what if you put it front and centre when you come in the door?

Valuation doesn’t simply give you a price. It gives you a strategy. Rather than focusing solely on income, instead ask the question: what is the most valuable income I can create?

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