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Navigating Growth and Transition for Entrepreneurs
This chapter explores the critical juncture entrepreneurs face between personal life stages and business growth, particularly for those operating at $5 million in revenue. It discusses the financial and strategic implications of scaling versus selling a business, including tax considerations and cash flow management. Through cautionary tales and key insights, the chapter emphasizes the importance of mentorship, diversified investing, and the complex dynamics involved in transitioning after significant business liquidity events.