By taking this short quiz, you will be able to find out where your family business is positioned in the business cycle. By understanding where your family enterprise stands, you cannot only identify the challenges of today and tomorrow, but also help the family chart its path to greater success.
You have successfully diagnosed your family business in the business cycle. Where are you in on the 4 cycle model?
The logic behind the business cycle axis is based on the widely recognised “business lifecycle” concept. A firm that has existed over many years and is not a start-up anymore can be positioned in the growth, maturity or decline phase. The underlying thinking is that your position on this curve will determine your company’s opportunities for growth, profitability, and stability.
The information contained herein (also the challenges and possible solutions derived after the quiz) is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.