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The Hidden Goal of The Smartest Business Owners
What are your business goals for the year 2025? If you’re like most owners, you have a profit goal you want to hit. You may also have a top-line revenue number that’s important to you. While those goals are important, there is another objective that may have an even bigger payoff: building a sellable business.
But what if you don’t want to sell? That’s irrelevant. Here are five reasons why building a sellable business should be your most important goal, regardless of when you plan to push the eject button:
1. Sellability means freedom
One of the fundamental tenants of sellability is how well your company would perform if you were unable to work for a while. As long as your business is dependent on you personally, there’s not much to sell. Making your company less dependent on you by building a management team and creating just-add-water systems for employees to follow means you have the ability to spend time away from your business. Think of the world of possibilities that would open up if you could choose not to go into the office tomorrow….
2. Sellable businesses are more fun
Running a business would be fun if you were able to spend your days on strategic thinking and big-picture ideas. Instead, most business owners spend the majority of their day on the…