The Four Stages of a Business’ Life
As you establish, grow and eventually exit your business, protecting what matters most to you will naturally change.
Below are four of the main stages of business’ life and how you can grow and protect your business income and wealth.
Business Life Stage 1 – Starting Your Business
Starting a business in an exciting endeavor. While there are many things to consider, sound financial footing is essential for every successful business.
Business Life Stage 2 – Growing Your Business
Once established, attracting the right talent helps growth. With steady cashflow, you can protect your business in ways you may not have been able to previously afford.
Life Stage 3 – Your Mature Business
Even while enjoying the success of your business, continued financial diligence can provide continued tax savings and protect your business and what matters most to you.
Life Stage 4 – Transitioning Out of Your Business
Exiting your business – whether selling to external investors or transitioning to the next generation of your family – gives you more time to do the things you want and enjoy the fruits of your hard labour.
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