Mike Andes explains why a business that depends on you to run is nearly worthless. He contrasts growth mode, which demands constant hustle, with profit mode, where you build systems and hire managers so the company works without you. That shift takes years but makes the business sellable and actually valuable.
I want the business to run without me. And there should not be a need for the entrepreneur if you're not growing fast. Anytime a business is in growth mode, you need an entrepreneur. You need someone pushing, shoving, grinding, hustling. But remember, we're always trying to get the business to profit mode. And I wanna build a business model that doesn't require an entrepreneur, because that means I will always have to be in it 24/7. And it might take me 10, 15, 20 years to build the systems in a way where I don't need to be there all the time as the entrepreneur, and I can have managers, GMs at multiple locations or mid-level managers at a GM+ size business, that's fine. But I don't want the business to depend on an entrepreneur. If it depends on an entrepreneur, very hard to sell, very low enterprise value, and not a business most people want to have because it constantly means you're just one call away from having to be right back in daily operations.
