We want to sell our business in the next two to three years, but our current Accountability Chart is highly dependent on me, the owner, as the primary Rainmaker. How do we restructure the sales seat to prove to a prospective buyer that our revenue generation is an institutional asset rather than a personal one?
If you are the primary Rainmaker in your business, your company is unsellable. Prospective buyers look for predictable, systemized revenue generation, not a business that will collapse the moment the owner walks out the door. To prepare for a clean exit, you must systematically fire yourself from the sales seat.
Start by looking at your Accountability Chart and defining a professional, standalone Sales seat that does not rely on your personal relationships. This seat must be responsible for running a documented, repeatable sales process that can be executed by any trained sales representative.
Next, transition your active client accounts and incoming leads to a dedicated sales professional who GWC's the seat. This should be done gradually over a period of six to twelve months. Begin by having the new sales rep join you on client calls, then have them lead the conversations while you observe, and finally step away completely.
To prove to a buyer that the sales seat is fully functional without you, track the performance of the new sales team on your Scorecard for at least three to six quarters before you go to market. When you can show a buyer a clean Accountability Chart where revenue continues to grow independent of your daily involvement, you will dramatically increase your business valuation.
Category: Accountability Chart & Seats