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Navigating Challenges of Sustained Growth and Strategic Expansion in Business
As a business grows and reaches a revenue plateau, maintaining a high growth rate becomes challenging. Doubling sales to meet long-term targets may seem daunting but is achievable. Strategies like organic growth and mergers and acquisitions (M&A) can be considered for the next leap. However, transitioning to the leader needed for the company's next level is crucial. Implementing M&A strategies requires hiring skilled people, making informed decisions, and allowing them to lead, a shift many entrepreneurs find difficult.