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How to Reduce Owner Dependence for Business Growth

Name: How to Reduce Owner Dependence for Business Growth
Uploaded: 2024-12-01T17:04:17+00:00
Duration: 32 s
Channel: Henning Schwinum
Description: The video (by Henning Schwinum) argues that decreasing owner dependence is essential to scale and make consulting businesses sellable. It explains that…

1 Dec 2024 · 1 min

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The video (by Henning Schwinum) argues that decreasing owner dependence is essential to scale and make consulting businesses sellable. It explains that clients often expect the owner (Henning) to personally handle their cases, which creates a liability for potential buyers; the presenter frames reducing owner dependence as the path to growth and transferability.

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Decreasing owner dependence is key to scaling consulting businesses. If someone signs a contract to work with Henning Consulting, they do so with the expectation that Henning will personally handle their case. But if you're trying to scale a business that is then sellable buyers consider this a liability. Because what good is it for them to buy Henning Consulting if they don't have Henning themselves? And the way to get there is to focus on decreasing owner dependence.