Decline Stage

Changes in the economy, society, or market conditions can cause sales and profits to decrease. Businesses can be significantly damaged, or in extreme cases, cease trading if this stage isn't managed properly.

Challenge

Businesses in the decline stage of the life cycle will be challenged with falling sales, profits, and negative cash flow. The biggest issue is how long the business can support a negative cash flow. Ask, is it time to move on to the final stage of the life cycle and exit your business, or can it be turned around?

How we can help

Search for new opportunities and business ventures. Cutting costs and finding ways to sustain cash flow are vital for the declining stage. 

Find out more about what advice and support we can provide at this stage by clicking on the links below:

For more information please contact a taylorcocks member of staff.