Which stage is first in the Business Life Cycle?

The first stage in the Business Life Cycle is the existence stage. This stage is crucial as it represents the initial phase where a business is just starting out and trying to establish itself in the market. During this period, the primary focus is on survival, as the business works to find its footing, build a customer base, and develop its products or services.

In the existence stage, owners and entrepreneurs may face significant challenges, including securing funding, attracting customers, and differentiating from competitors. The goal is to create a stable foundation that can lead to sustainable growth. Success in this stage often sets the stage for the subsequent phases of the business life cycle, where the company begins to scale and pursue opportunities for expansion.