In this episode I speak with George Sierchio from www.consultantscoach.com about running a business like you are going to sell it. In other words it is all about what exit strategy you have planned for yourself. Even if you never plan to sell the business unforeseen circumstances may arise that dictate otherwise.
A smart part of any business planning to understand how the business will operate without the business owner. To maximize the value of any business you need to create a business that will run without the business owner. This planning needs to start as soon as possible and be updated on a regular basis. This way if the need ever arises not only is there a plan in place the opportunity to maximize return on what has already been invest in the business will be recognized.
For anyone who owns a business then this is a must listen to episode.