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UNDERSTANDING THE BUSINESS LIFE CYCLE IN RELATIONSHIP: THE ENTREPRENEURS’ VIEW



Relationship for this generation is becoming soo complicated and confusing and is up to how the young people understand and pursue it. But I want us to look at and understand it from business perspective. Relationship goes through different phases just like a  business. Each phase has its own challenges and you need to handle it well in other to sustain it.
From my perspective, I see relationship and business as interrelated because business itself is all about human relation. If you are good in handling relationships, there is a higher possibility of you succeeding in business. Likewise, if you handle business well and transfer those skills into relationship, there is a higher probability of you succeeding in relationships.
Therefore let’s look at the business phases and how they relate to relationship.
  PHASE ONE: Launch
Each business begins to be in operation usually by first of all launching what you want to offer to the market. At this stage, sales is very low but there is a hope for steady increase. Also the cost involve is very high because of the start-up expenses. Similarly in relationship it begins with a proposal or making an offer (i.e. what you intend for the relationship). At this stage trust is low but there is a hope for steady increase. Expenditure increases because you have to handle the responsibility of making your partner happy and also surprising him or her in other to increase the trust level.
   PHASE TWO: Growth
In the growth phase, the business start experiencing rapid sale growth. As sales increases, profit begins to be actualized by the business. Relationship as to this phase, starts to experience rapid growth in trust while the joy in relationship starts to take place. Most at times a lot of friends and neighbours look more jealous of you being in a happy and lovely relationship. You might hear people commenting “love birds.”
    PHASE THREE: Shake- out
During this phase, sale continues to increase but is at slower rate and these most at times happen because the business maybe at saturation stage or there is an entry of new competitor in the market. Although sale increases but profit decreases. In relationship, at the shake-out stage, trust continues to increase but is at slower rate and these often happen because you might be showing some kind of behaviours that trigger questions to trust. Also another person may approach your partner and exhibit more actions that you are capable of doing. Although trust increases but happiness or joy in the relationship decreases.
    PHASE FOUR: Maturity
At the maturity stage, sales begin to slowly decrease as profit margins get thinner. The business capital financing increases because there are more competitors in the market offering what you are doing. So in other to compete with the market share, you have to spend more on the business while your profit generation is lower than your expenditure. Same way in relationship, trust begin to slowly decrease. Joy or happiness get thinner,  therefore in other to sustain it you have to increase your spending by surprising your partner. You have to rebrand yourself in other to position yourself in your partners mind and heart. You have to understand that, there are more people who will wish to be with your partner, so you have to tighten your seat belt. This is where most people get themselves into adultery.
    PHASE FIVE: Decline
In the final stage of the business life cycle, sales, profit and cashflow all decline. During this stage, as a business, your only alternative is to accept failure and look at how to adapt to the changing business environment. Most companies lose their competitive advantage and exit the market. In relationship, the trust, love, happiness in relationship suddenly decline. At this phase what you have to do is to accept your failure and channel a different way that will help you adapt yourself to the changing atmosphere. You can either leave the relationship or ask for forgiveness.
I hope these few information have buttressed your understanding of the business life cycle in relationship. Once you know this, you are assured to be on the path to maximizing your market share, exploring your distinctive difference and taking charge of the available opportunities that are necessary to advancing your business and achieving your visions as an enthusiastic entrepreneur.
Thank you.

Issac Agya Koomson
CEO, EKSEL consult
+233 (0) 241 332 246
Ghana.


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