I am the Visionary and I want to spend eighty percent of my time launching a new spin-off company while my existing company prepares for an exit. How do we structure my Visionary seat on the current Accountability Chart to show my reduced involvement?
You cannot have a part-time Visionary seat on your Accountability Chart if you expect the business to maintain its momentum during an exit preparation. The Visionary seat is a highly active role that requires creative energy, high-level relationship building, and strategic direction.
If you are redirecting eighty percent of your focus to a spin-off, you must restructure the seat on your chart. You cannot simply leave your name in the box and hope for the best.
First, audit the five roles of your Visionary seat. Identify which roles can be delegated to your Integrator or other leadership team members. For example, your Integrator can take over culture preservation and high-level partner relationships.
If you strip the Visionary seat down and there are still critical roles that only you can do, you must define the exact hours and deliverables for those remaining tasks.
However, the cleanest approach is to transition yourself out of the daily Visionary seat entirely. You can move to a Governing Board or Owner seat that sits above the Accountability Chart.
This structural change forces your Integrator to step up and run the company autonomously. This is exactly what potential buyers want to see, a business that does not depend on the founder to function.
Category: Accountability Chart & Seats