Reinvention Stage

Many companies will at some point face a period of decline that may be triggered by a number of factors: 

  • lack of differentiation 
  • declining market size 
  • increased competition 
  • environmental changes 
  • conscious decision to exit 
  • changes in legislation

This may be the tipping point around which those companies will decide to exit, but it may alternatively be the time they decide to re-evaluate their business strategy to take them back into a period of growth.

Tax

To discuss the reinvention business stage with an expert, contact taylorcocks here.