Phases of business enterprise and assessment of its value

The authors identified the main features of the phases of life cycles of small, medium and large businesses. Comparative calculations of business value for the combination of the phases of business enterprises for real parameters of growth, recession and downturn in the duration of the phases of recession and slowdown of 14 to 46 years. It is shown that the classic Gordon model to calculate the cost of small business for the production of chemical products in beyond the forecast period is not applicable due to significant errors in the values compared with the actual values of the discounted cash flows.