We are struggling to maintain our aggressive growth targets while simultaneously pulling together historical records, documenting processes, and preparing for a sale. How do we prevent our daily execution from slipping under the weight of this dual focus?
Trying to run a sales process while managing daily operations is a recipe for burnout and falling revenue. If your financial performance drops during due diligence, the buyer will immediately use it as an opportunity to renegotiate the purchase price or back out of the deal entirely. To maintain your aggressive growth targets, you must carefully divide your leadership team's focus.
Use your Accountability Chart to separate exit-preparation tasks from daily operations. Delegate the collection of historical records, financial audits, and process documentation to specific team members, freeing up your key leaders to focus entirely on core business performance. Protect your leadership team's energy by building scheduled white space into their weekly calendars, allowing them to handle the extra administrative burden without dropping the ball on client service.
Use your weekly Level 10 Meetings to track key metrics and resolve operational issues before they escalate. Keep your team focused on their quarterly Rocks and daily responsibilities, ensuring that the business continues to run smoothly. By isolating the exit-preparation work from your daily operations, you protect your current execution, maintain your growth targets, and preserve your valuation throughout the sale process.
Category: Exit Planning