BUSINESS LIFECYCLE
Stage l-
The Emerging
Business
Survival
oriented
Entrepreneurial
Establish
systems
Obtain
clientele
Cash short
Fast paced
Flexible
Customer
service focus
Financial
protection needs
Stage ll -
The Successful
Business
Established
Clientele
and systems
Positive cash
flow and
and financial
stability
Return to
risk taking
Regained
flexibility
Renewed
innovation
Customer
and market
orientation
Quality focus
Experienced
management
Continued
growth
Stage lll-
The mature
business
Conservative
Procedure/
Efficiency
oriented
Managerial
Rapid
growth
Group
health
plans
Group life
plans
Group
long-term
plans
Qualified
retirement
plans
Nonqualified salary
continuation and deffered
compensation plans
Executive bonus
plans
Employee
stock owner-
ship plans
stock
option and
bonus plans
Cafetaria
plans
Medical expense
Reimbursement plans
Personal
Financial
Planning
Split-dollar
insurance
plans
Personal
disability
insurance
plans
Executive
bonus plans
Section-303
stock
redemptions
personal
state
planning
Buy-sell
agreements
Key employee
insurance plans
Business over
head-expenses
plans
Review key
employee
insurance
plans
Advance
state
planning
Business
Stages
Employee
Benefits
Personal
Benefits
Business
Continuation
Consult your advisors about the application of
the above techniques to your business