Just as we experience spring, summer, fall and winter, there are similar seasons for entrepreneurs. Understanding where you fit into these cycles determines how you approach growth, helps pinpoint your most comfortable financial options and makes evident your tolerance for risk.
So, what are those four cycles? Here are some easy-to-remember names: Growers, Gliders, Speed-bumpers and Exiters.
Consider the case of John, in his early 60s, whose company has coasted along for years. The business is growing steadily, although at a much slower pace than 20 years ago.
John is financially set for life and wants to enjoy retirement by traveling with his
