Why You Need to Make Yourself Irrelevant

You’ve put your life into your business. Business ownership comes with challenges, but you're proud of what you have built and wouldn’t change a thing. You spent time doing every single job in your company; you rolled up your sleeves and you got stuff done.

It seems counterintuitive, but now is the time to make yourself increasingly irrelevant. The only way to transition the value that you have created is to empower other people to carry on your legacy.

Sell or Transition Your Business, Not Your Job

Whether you're selling your business to a third party or have a succession plan for a relative or long-term employee, your next-in-line needs to be set up for success. This means your company can’t be reliant on you and your continued involvement.

Looking for a successful business exit strategy? We're here to help.

An illustration of a blue bridge that is crossing a moat of water to a company headquarters. The bridge has an off ramp, or exit, to retirement on the left hand side which leads to a beach with lawn chairs and bags of money. This image depicts an exit plan for business owners where they can enjoy retirement while their business continues to thrive in the future, under new ownership.

 

“What a journey it’s been. Without your help my dad would have never been able to transition his life’s work to my brother and I.”
-Warner N.

GroundSwell’s Business Ownership PlatformSM provides the people and tools to successfully stabilize, grow, or transition your business.

Schedule a call to learn more.

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GroundSwell℠ provides the right people and tools to successfully stabilize, grow or exit your business. Bob Bennett contributed to this article.

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