Connecting Personal Passages With the Business Life Cycle

Youngwirth, Joni
September 2011
Journal of Financial Planning;Sep/Oct2011 Practice Management Sol, p24
Academic Journal
The article explores the issues facing small business owners on the business cycles which include start-up, growth, maturity, and passages and transition in the U.S. business environment. It looks into the significance of understanding the business' position in the business life cycle to help business owners to foresee challenges and to provide support in business decision-making. It also mentions the need to link personal passages with business passages and understand stress to help anticipate challenges and events. Moreover, it notes that exploring personal passages can help business owners to realize business transitions.


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