Episode 069 | The Entrepreneurial Journey and the Cycle of Business Growth

Running a successful business requires more than just creating an initial business plan. Join us in our new series as we dive into the complete journey of a business owner, exploring every stage from startup to exit, with valuable insights on how business owners should navigate both their business and personal lives, depending on their company’s stage. 

In this episode, our hosts are joined by Sandy Coaker, CPA, Managing Member of the firm’s Montgomery office and Daniel Hughes, CEO of Envolve LLC, to discuss the key segments of the Business Owner Lifecycle: Startup, Growth, Maturity, Transition and Freedom.

In this episode, you’ll hear:

• Discussion around the five stages of the Business Owner Lifecycle
• How to use the stages to be more proactive rather than reactive
• How to position your strategic plan to be adaptable throughout the different stages of business
• Tips for succession planning
• Characteristics of a successful entrepreneur 

Resources for additional information:

• Podcast: Episode 48: Know and Grow [Taking Your Business from One Level to the Next]  
• Blog: 4 Things To Do Before You Set Long-Term Business Goals
• Blog: How to Create an Adaptable Business Plan That Can Roll With the Punches
• Blog: How to Plan For Succession: Preserving, Protecting and Passing on Wealth