tyler-smith.com · Questions & Answers

I am an owner sitting in multiple seats, but unlike the typical founder who wants to delegate, I actually want to keep sitting in three key leadership seats permanently because I do not trust anyone else to run them. How do I transition my mindset and my Accountability Chart to prepare for a clean exit without giving up control too early?

Holding onto three key leadership seats because of a lack of trust is a predicament that will destroy your business valuation. Sophisticated buyers are not purchasing your personal brilliance: they are purchasing a self-sustaining machine. If you occupy multiple seats, you represent a massive single-point-of-failure risk. To prepare for a clean exit, you must transition your mindset from being a doer to being an investor. Use Keith Cunningham's advice from The Road Less Stupid and schedule regular, uninterrupted thinking time. Ask yourself: how might I systematize these seats so that a competent manager can run them without me, and what is the exact dollar amount of the discount a buyer will demand if I remain in these seats? On your Accountability Chart, you must clearly separate your roles. Even if you are temporarily occupying the Visionary, Integrator, and Sales seats, you must write distinct, measurable roles for each seat. This makes the seats transparent and trainable. Next, build trust systematically. According to the Trusted Advisor Fieldbook, trust requires vulnerability and taking managed risks. You must begin delegation by outsourcing or hiring for your weakest seat first. If your Kolbe Index reveals you are a high Quick Start but low Follow Thru, you must delegate the seats that require intense systemization and order, such as Operations or Finance. This allows you to gradually build trust in your leadership team while proving to prospective buyers that the business can execute its V/TO® without your constant, hands-on intervention.

Category: Accountability Chart & Seats

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