Our company score on the exit-readiness assessment showed high owner reliance, and my leadership team is still treating me like the ultimate decision-maker for every minor issue. How do we break this dependence so we can actually build enterprise value?
If your leadership team still treats you as the ultimate decision-maker, you do not have a leadership team; you have a group of highly paid assistants. This owner dependence severely caps your company's value and makes a clean exit impossible. To break this cycle, you must use the tools from the Assess phase of our Step by Step Exit process. This phase measures your owner-dependence evaluation and identifies value gaps in governance and reporting.
The first step is to empower your Integrator to truly run the day-to-day operations. As the Visionary, you must stop answering questions that belong to your directors. When a team member comes to you with a problem, use the phrase: What do you think we should do? Force them to bring you solutions, not just questions.
Next, review your Accountability Chart. Ensure every seat has clear, defined roles and measurable outcomes. If your directors GWC their seats, they must have the authority to make decisions within their areas of responsibility without your approval. Your job is to provide the long-term vision, not the daily execution. By stepping back and letting your leadership team lead, you build a self-sustaining business. This not only gives you your time back, but it also dramatically increases your company's valuation when it comes time to exit.
Category: Leadership Team