I still make all the major operational decisions in my company. How do I use the EOS Accountability Chart to make my business valuable enough to sell?

Question

Tyler Smith · Accepted Answer

If you are still the hub of the wheel in your business, making all major decisions, you do not own a company, you own a high-stress job. Buyers will not pay premium multiples for a job. To transition the business to a self-sustaining asset, you must use the EOS® Accountability Chart. This tool helps you clearly define every seat in the organization and detach your name from those seats. Start by reviewing your current chart. Write down every function you currently own, whether it is Sales, Operations, Finance, or the Integrator role. Your goal is to systematically elevate yourself out of these seats by finding people who GWC™, Get It, Want It, and have the Capacity to do, those roles. This transition requires you to trust your leaders to make mistakes and solve their own problems. Stop letting people run to your office for approval. Instead, use the EOS® Issue Resolution Process, or IDS®, to teach them how to identify, discuss, and solve issues independently. When a buyer looks at your organization, they want to see an executive team that runs the business smoothly. If you can take a thirty-day vacation without checking your email, and the numbers on your EOS® Scorecard remain steady, you have successfully built transferable value.