What are the stages in formation of public limited company?

Answer 1

Stages:

All companies go through various stages in their business "lives".

The Concept Stage:

At this point, there is no business. The future owner simply has an idea about starting a business.

Research and Planning Stage:

In this stage, there is still no business. The next step is to develop a Business Plan, especially if the business owner wants to secure funding and / or to lease a facility. During this stage, the future owner should be utilizing professional assistance - business advisor, accountant, lawyer, etc.

The Business Launch:

By now, all of the necessary preparation has been completed. The business owner is ready to open the doors. This is now a business.

The Young Business:

This early stage of the business usually lasts for 2 - 3 years. During this phase, most businesses are still striving to find their niche or position in the market.

The Growth or Expanding Business Stage:

The business has now survived its first 3 - 4 years. It has attracted a loyal base of customers. Its marketing programs are yielding positive results. It has found its place in the market.

The Established Business:

At this stage, the business has been in operation for more than five years and is a thriving, vibrant company. The business owner will be starting to put in place formalized systems, processes, policies and procedures.

The Mature Business Stage:

By now, the business has been operating for many years. For the most part things are running smoothly.

The Sunset Business:

Changes in technology, the economy or in customer preferences can affect one's business. These changes could result in a decline in sales, an erosion of profits and perhaps even a negative cash flow.

The Exit Stage:

The final stage of any business is its exit or demise. This can occur in a few ways.