A business can't be sold if all the knowledge lives in the owner's head. One founder, an "octopus owner" who makes every decision, shows why documenting operations matters more than which framework you pick.
And this is about documenting how your business operates, plain and simple. Everybody knows it. I don't care what methodology you look at, whether it's EOS, whether it's exit planning, whether the Value Builder, whether anybody that you talk to. At the end of the day, if someone wants to buy your business, if you want to exit your business, if you want to build value in your business, it has to be more of something that's not just in your head. And you've had several people I've listened to some of your podcasts that talk about that. So, To me, this was a really critical issue, and I had a particular client at the time that I call what is an octopus owner, okay? Things in everything, every decision's got to run through them.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
