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Anonymous
Hey I am on Medial • 11m
1. The more your company relies on your personal involvement, the less valuable it becomes to someone else. 2. Building a business that can thrive without you is the ultimate test of entrepreneurship. 3. The best way to make your business more valuable is to make it less dependent on you. 4. The key to creating a sellable business is to build a company that gets customers, instead of relying on you to chase after them. 5. Standardize everything. A business that isn't dependent on any one person, including the owner, is the key to a saleable company. 6. The secret to cashing out through the sale of your business lies in knowing what buyers value. 7. Creating a sellable business means continually moving it toward a product or service that fulfills a defined need and has a predictable sales cycle. 8. Invest in systems and procedures to make your business as turnkey as possible. 9. The goal is to build a sellable company where someone else runs the day-to-day operations.
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