Business Lifecycle Stages
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There are certain milestones in your business's lifecycle that merit extra research, planning and support. The tools and services here can help you through these transitions.
Starting your business
Starting your own business takes guts and planning. Being prepared and knowing the market will help ensure that your business starts on solid footing.
As you launch your business you will need to prepare a few important documents, especially if you need financing from a bank:
- A solid business plan
- A financial plan, including start-up costs and monthly cash flows
- An analysis of competitors and how your business will compare
- An understanding of the current market and projected trends
Let's get you started, answer questions and help set a solid foundation for your new business – view our tools for starting a business.
Growing your business
If your business is ready to expand, you're in the right place. Get the expertise, advice and services you need to grow your business.
There are a number of choices when it comes to financing growth for your business, such as:
- Using excess cash flow from your business
- Through a loan or line of credit
- Bringing in partners or investors
Research your options and decide which makes the most financial sense for your business and your goals. When you're ready to take the next step, we can help you create a plan for growth.
Selling your business
Thinking of moving on from your business? Selling a company is the culmination of your hard work, leadership and inspiration. You deserve the best price possible and a smooth transition as you move on.
Your business will be worth what someone's willing to pay for it - but it's crucial to get an idea of what that price is. Economic trends, the state of your industry's market and the price similar businesses have sold for all need to be considered.
Before deciding to sell, consider these steps:
- Tidy up loose ends
- Present your brand
- Increase your business's value
- Get the best advice available
- Find a competent advisor
Get expert guidance as you prepare for this transition. Our business banking specialists and wealth planners can help you present and sell your business in the best way possible.
Products to help you get started:
Business Tools, Calculators and Resources
Prepare your business for the next step
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