We started chatting about the various things for them to consider and it reminded me of a book I read a few years ago – Built to Sell
It talks about that very thing – developing systems and structures.
It focuses business owners on transforming their companies into sellable assets. The narrative centres on the journey of a business owner, demonstrating the importance of creating systems, reducing owner dependence, and focusing on scalability.
It emphasises the need for well-defined processes, documented procedures, and delegated responsibilities.
The book underscores the value of measuring performance metrics and ultimately aims to empower business owners to build businesses that can thrive independently.
The aim is to adopt a proactive approach towards system-building and fostering a mindset that enhances the market value of your business.
The key takeaways and questions to ask yourself are:
So, if you’re looking a selling your business in the next year or five, ask yourself the questions above and see how you rate.