Managing A Mature Business – How To Keep Innovating
This is the second in our series of articles on managing a mature business.
If you missed the first article, about managing the cash flow of a mature business, you can click on this link.
We have also completed our series of articles on Starting A Small Business and on Growing Your Business, and the links provided will take you to the first articles of those series if you missed them.
In this week’s article, we are (hopefully) going to recognise that your business has reached the mature stage in its life cycle, and look to renew the cycle before it drips into the next stage, which is the stage of decline!
But first, let’s refresh our memories to talk about the four stages of the business life cycle: –
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