It’s likely that few people, if any, have ever told you, “You need to make yourself less important,” regarding your business.
But sophisticated buyers look for businesses that can operate without their owners. Unless your goal is to sell or transfer your business, and then stay with the business as a subordinate to assure a smooth transition, you’ll need to train a management staff that can run the business without you.
This is the most important value driver you’ll install, and for many owners, it’s the hardest because they aren’t prepared to expend the emotional and mental energy required to remove themselves from their businesses.
There are countless technical strategies for making yourself inconsequential to your business, many of which we’ve discussed in previous articles.
But just as important as the technical aspects are the mental and emotional aspects, so let’s look at some of the common mental and emotional roadblocks you might face as you make yourself inconsequential.
Wilmington's $70M Office Plan Faces State Hurdle; New Hanover Seeks $25M Approval
Staff Reports
-
Jun 5, 2023
|
|
For The City Of Wilmington, A $70M Yes Or No?
Cece Nunn
-
Jun 6, 2023
|
|
Wilmington-based Pharma Firm Announces New CEO
Staff Reports
-
Jun 5, 2023
|
|
Local Mortgage Firm Joins National Platform
Jenny Callison
-
Jun 6, 2023
|
|
Soon To Debut, Block Eatz To Lend Helping Hand To Local Food Entrepreneurs
Miriah Hamrick
-
Jun 7, 2023
|
While new shopping centers are planned in areas outside the Port City, owners are adding to and revamping existing commercial complexes in W...
Elected officials in the Wilmington area are in the midst of examining budget proposals for the 2023 to 2024 fiscal year, which starts July...
Preserving the region’s ecosystem in the midst of rapid development just makes sense, according to Roger Shew. First, being in nature promot...
The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.