{"id":81,"date":"2019-04-30T14:18:27","date_gmt":"2019-04-30T14:18:27","guid":{"rendered":"http:\/\/apmasterycoach.com\/blog\/?p=81"},"modified":"2019-04-30T14:18:29","modified_gmt":"2019-04-30T14:18:29","slug":"expanding-the-life-of-your-business","status":"publish","type":"post","link":"https:\/\/apmasterycoach.com\/blog\/expanding-the-life-of-your-business\/","title":{"rendered":"Expanding the Life of Your Business"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"798\" height=\"732\" src=\"http:\/\/apmasterycoach.com\/blog\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-30-at-10.14.44-AM.png\" alt=\"\" class=\"wp-image-83\" srcset=\"https:\/\/apmasterycoach.com\/blog\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-30-at-10.14.44-AM.png 798w, https:\/\/apmasterycoach.com\/blog\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-30-at-10.14.44-AM-300x275.png 300w, https:\/\/apmasterycoach.com\/blog\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-30-at-10.14.44-AM-768x704.png 768w\" sizes=\"(max-width: 798px) 100vw, 798px\" \/><\/figure>\n\n\n\n<p>Today I&#8217;m going to talk about the life cycle of a business\nand how to get the most out of each cycle while also extended the lifespan of\nyour business. <\/p>\n\n\n\n<p>The four different stages of a business life cycle are:<\/p>\n\n\n\n<ul><li>Infancy<\/li><li>Adolescence<\/li><li>Growing Pains<\/li><li>Maturity<\/li><\/ul>\n\n\n\n<p>We\u2019ll\ntalk a little about what each of these cycle\u2019s means and how they can each help\nexpand your business\u2019 lifespan.<\/p>\n\n\n\n<p><strong>Infancy<\/strong><\/p>\n\n\n\n<p>This is generally considered the technician\u2019s phase, which is\nthe owner. At this point, the relationship between the business and the owner\nis that of a parent and new baby. There is an impenetrable bond that is\nnecessary to determine the path your business will follow. <\/p>\n\n\n\n<p>The key is to know your business must grow in order to flourish.\nYou cannot stay in this stage forever. <\/p>\n\n\n\n<p>And this is the toughest stage for most business owners to\ntake on an advisor, coach or consultant. Because in this phase, many new\nbusiness owners think they know what\u2019s best for their baby. Things are still\nnew and the baby is developing. Notice I said developing, not growing. <\/p>\n\n\n\n<p><strong>Adolescence<\/strong><\/p>\n\n\n\n<p>In this stage you need to start bringing your support staff\ntogether to delegate leverage to and allow growth to happen. The first\nline of defense is your technical person as they need to bring a certain level\nof technical experience. This cycle really belongs to the manager though. The\nplan stage needs to start and a relationship should be built with the\nentrepreneur to plan for the future. <\/p>\n\n\n\n<p>Like an adolescent child, this is where you will start being\ntested by your business personalities (technician, manager, entrepreneur) and\nother employees. Be firm and stick to the plan.<\/p>\n\n\n\n<p><strong>Growing Pains<\/strong><\/p>\n\n\n\n<p>There\u2019s a point in every business when business explodes and\nbecomes chaotic. This is referred to as growing pains. It\u2019s a good problem to\nhave, but a problem nonetheless. You are often faced with a number of choices:<\/p>\n\n\n\n<ul><li>Avoid growth and\nstay small<\/li><li>Go broke<\/li><li>Push forward into\nthe next cycle<\/li><\/ul>\n\n\n\n<p>I\nsee too many business owners who buy into the idea the business must grow\nbefore it\u2019s profitable. This is simply not true. Your business can grow and\nprofit at the same time. But if I have to choose between the two, I chose\nprofits over growth every day of the week and twice on Friday. Which is great\nfor me because I chose not to work on Friday, Saturday and Sunday. <\/p>\n\n\n\n<p><strong>Maturity<\/strong><\/p>\n\n\n\n<p>The last cycle is maturity, though this doesn\u2019t mean the end\nof your business. Your passion for growth must continue in order for your\nbusiness to succeed. You need to keep an entrepreneurial perspective in order\nto push your business forward. <\/p>\n\n\n\n<p>If you\u2019re not the entrepreneur in your business, find someone\nwho is and work with that person. <\/p>\n\n\n\n<p>You see how all three of these cycles are connected and\ndepend on a strong foundation for each one of them for your business to be, and\ncontinue to be, successful. All three of your key roles must also work together\nto work through these cycles. <\/p>\n\n\n\n<p>As you already know, you might be the technician, manager or\nentrepreneur. You might think you\u2019re all three. But that is not sustainable for\ncontinued growth and profits. <\/p>\n\n\n\n<p>If you\u2019re having trouble putting your business life cycles together and figuring out which of the key roles you fit into, take a guided tour of my <a href=\"http:\/\/apmasterycoach.com\/myguidedtour\/\">Abundance &amp; Prosperity Business Mastery eLearning System<\/a>.  <\/p>\n\n\n\n<p>Then <a href=\"https:\/\/moapodcastsession.as.me\/BusinessBreakthrough\">book a Live Business Breakthrough Session<\/a> with me. I know I can find $10k to $50 or more in your business in just 45 minutes. Put me to the test. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today I&#8217;m going to talk about the life cycle of a business and how to get the most out of each cycle while also extended the lifespan of your business. The four different stages of a business life cycle are: Infancy Adolescence Growing Pains Maturity We\u2019ll talk a little about what each of these cycle\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/posts\/81"}],"collection":[{"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/comments?post=81"}],"version-history":[{"count":1,"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/posts\/81\/revisions"}],"predecessor-version":[{"id":84,"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/posts\/81\/revisions\/84"}],"wp:attachment":[{"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/media?parent=81"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/categories?post=81"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apmasterycoach.com\/blog\/wp-json\/wp\/v2\/tags?post=81"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}