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Create a business that works without you so that you can cash out and enjoy the fruits of your labor.
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1.77K reads
49
569 reads
Focus your efforts on building proprietary products, systems, processes, and intellectual property that deliver recurring revenue streams and core value that stays with the company even when you leave.
These transferable assets, like brands, patents, and customer relationships, are what buyers pay for.
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485 reads
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438 reads
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403 reads
Build standardized systems, documented processes, training programs, and templates so that replication and scaling of the business does not rely on founder tribal knowledge staying "in your head".
Operational excellence should not depend on any one person.
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366 reads
Reject complexity and stay focused on a simple, streamlined business model centered around a compelling and differentiated offer that has profitability baked in and is difficult to replicate.
Stick to your core competency.
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335 reads
46
322 reads
Research and create a list of ideal potential buyers for your business.
Get on their radar early by speaking at their events, writing for their industry, seeking partnerships, finding shared values and organically building relationships without any ask.
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328 reads
IDEAS CURATED BY
CURATOR'S NOTE
The book Built to Sell by John Warrillow provides a strategic approach for entrepreneurs to increase the value of their businesses to prepare for an eventual sale. It focuses on creating scalable, saleable companies.
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Other curated ideas on this topic:
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Built to Sell
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