Can Your Business Run Without You?
As a business owner, your business is your greatest source of wealth. Have you considered if your company can run without you? Whether you want to sell some or all of your business, or simply step away from day-to-day business activities, this is an important question to ask. Join our panel discussion at the Business Transition Forum (BTF) where we'll be exploring the key steps to ensure your business can run by itself and the wealth that can be gained long-term by starting with difficult short-term changes, such as hiring a new CEO or board of directors.
Pro-tip: a business that can run by itself is usually more appealing to potential buyers
Our BTF panelists will be sharing details. Julie Ellis, co-owner of Mabel’s Labels, Richard McCammon, former founder of Delago, John Hotson, and Jacoline Loewen, will be discussing the top questions that buyers ask when considering purchasing a business, and how to ensure that your business can run smoothly without you. Some key questions we'll be answering include: What are the top three pieces of advice for entrepreneurs wanting their business to run without them? What's blocking owners from having the business run without them? And the lead question a potential buyer will ask.
We'll be sharing some tough, real-life examples and stories of success and failures from our panelists' experience, such as finding a successor CEO. We'll also cover questions experienced during their sales process. Buyer questions include whether key processes and systems can run smoothly without your direct involvement. if you have developed a team with the necessary skills and autonomy to make decisions and take action in your absence, and if you have considered the potential benefits of stepping back from day-to-day operations.
Join us for this insightful discussion to position your business for greater growth, a longer legacy, and a more successful transition.