Mark Osborne walks through five concrete steps to make your business worth buying: reduce how much it depends on you, document your processes, build a real team, clarify your vision, and improve how people communicate. A business that runs without you is a business someone will pay for.
by removing some of that owner dependency, by documenting some of the processes, by building out, you know, sort of a team, by having clarity on where they're going and sort of that communication dynamic, by doing those things along the way, not only do you then save yourself from, you know, having a non-transferable, non-sellable business, but it actually becomes just a better business to run. Like, you enjoy running it better. solve some of those communication and collaboration issues that exist when, when you are guessing at, well, where are we going and what vision do they have in mind. Just kind of getting some of those things out really makes it for a better operating business.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
