product in the market. For the first 20 years, his sales had grown from $250,000 in the first year to $15,000,000. During this time, he put together a management team that was responsible for the operations. Bill Jensen eventually sold his company to an outside investor. This investor believed in the management team and felt they could continue the same growth the company had in the past. However after five years, the investor was not happy with sales. They felt that growth was stagnant and a change…
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