Bill Canady's Rule of Three says every business needs three roles: direction, execution, and truth-telling. A single person can't do all three, but a $100M company might have just two people, with one wearing two hats. Buyers can always tell when you've rushed.
Not in the last 90 days when the advisors are asking who else can run this. You cannot sprint in architecture. Everybody tries. Buyers can smell it. Now, the framework. 3 roles: direction, execution, and truth. I call it the rule of 3, and I want to be precise about the word roles because this trips people up. 3 roles does not mean 3 people. In a $100 million business, it might as well be 2 people where one of them wearing 2 hats, honestly and on purpose. What it cannot be is one person, and what it cannot be is nobody.
