tyler-smith.com · Questions & Answers

I am beginning to build our exit runway, but my personal identity is completely wrapped up in being the Visionary of this company. How do I structurally prepare myself for life after the sale while still actively leading the business?

Many owners struggle with leaving because their personal identity is entirely tied to the business. To prepare for life after the sale, you must structurally phase yourself out of daily operations during your exit runway. This is not just a psychological exercise: it is a requirement for maximizing enterprise value. Start by identifying an internal successor for your seats on the Accountability Chart. Whether you are currently the Visionary or the Integrator, you must find leaders who GWC these roles and can transition into them over time. Use your quarterly Rocks to hand over major relationships and decision making power. When you test drive your absence, you allow your leadership team to run the business while you are still there to mentor them. This structural delegation proves to buyers that the business does not need you to survive, which directly increases your valuation. It also gives you the space to discover your next chapter before you exit.

Category: Exit Planning

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