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By the time the business is "stable, profitable and growing" the founder is likely far less important than in the beginning. There have to be processes in plac
by HeyLaughingBoy 5y ago
By the time the business is "stable, profitable and growing" the founder is likely far less important than in the beginning.
There have to be processes in place to manage the business's day to day operations, and a good management team that looks to the future. You can't maintain a business at that level while still being dependent on a single person so the business at the time of sale has to be capable of continuing on without that person present.
- quickthrower2 5y agoYou might be relying on the top person for the “growing” part even if everything else can tick over nicely.