According to Justin Franciscotty, Finding the ideal balance between planning and carrying out a project or program is one of the most challenging difficulties that organizations face today. Too frequently, we delay the planning of a significant endeavour past the crucial window of time, while it is still useful for the original goal. As an alternative, we could execute a plan too rapidly and overlook important planning steps, failing to meet our goal. Understanding the phases of your company' development or "life-cycle" is the key to finding equilibrium.

These phases include:
1.Startup
2.Development
3.Maintenance
4.Declination
5.Turn-Around

Hope this information is helpful for you to Starting a Business.