Managing Your Business Lifecycle
The business lifecycle is a series of stages every organization transitions through during its lifetime. An early-stage company concentrates on survival. A later-stage organization is more concerned about stability and retaining the wealth that has accumulated from their success. Dorfman Abrams Music identifies the stage every client is in and adapts our support to meet their current needs while preparing them to enter the next lifecycle stage.
What Stage Are You In?
Emerging. These are start-up companies with the primary concern of generating profits or fulfilling their mission.
Growth. Companies that have survived the emerging stage. They require more capital, systems, people and processes.
Maturity. Businesses that are stable, comfortable, and who are generally growing a little slower. They typically have owners with accumulated wealth who are not ready to exit yet.
Transition. Organizations that hit the point where they need to sell or transition to the next generation.
Engage an Entrepreneurial CPA Firm
Organizations often outgrow their current CPA firm. If your accountant’s primary focus is on filing tax returns and creating financial statements, they likely cannot provide the strategy necessary to help your company grow. Not all firms can help resolve obstacles or have the experience to evaluate opportunities. Our team feels this type of service should be part of every client we support.
Let Us Construct a Plan with You
We can begin working with a company in whatever stage of the lifecycle they are in. Call us to begin a conversation.