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Invest in Growth or Face Decline
To achieve long-term success in business, it’s essential to invest in quality services, employee training, and superior resources. If a business owner struggles to afford these essentials after five years, it indicates either personal financial extraction from the business or a lack of business acumen. Continuous self-improvement, including seeking coaching and learning from others, is critical for both the owner and the team. Engaging with successful peers can provide valuable insights and growth opportunities, reinforcing that every team member should also be committed to their development. Success requires a collective effort and a willingness to prioritize the business's needs over personal gain.