At Stage 3 of growth for an entrepreneurial firm, managers often are hired to take over duties performed by the owner.

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At Stage 3 of growth, the entrepreneurial firm has already established a customer base and has achieved steady revenue growth. To continue to grow and expand, it may become necessary to hire managers to take over some of the duties previously performed by the owner. This allows the owner to focus on strategic planning and business development while the managers handle day-to-day operations.

At Stage 3 of Growth for an Entrepreneurial Firm, Managers