Learning the truth about the life cycle of a business, especially small to medium-sized ones, is startling, to say the least. Even before COVID happened, 70% of small businesses were closing down. The life cycle of a business is comparable to the life cycle of a human being, which Michelle Seiler Tucker discusses in this episode. We also get into the details of the cycle, from the incubator stage to business death, using Toys R Us, the company owned by Charles Lazarus, as an example. That being said, when is it the right time to sell your business? The Seiler Tucker 6Ps can be a great guide to figuring that out. Love the show? Subscribe, rate, review, and share!
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