In this episode of The Lunchtime Series with Kevin Britz, guest Pete Mohr, founder of Simplifying Entrepreneurship and host of the Business Owner Breakthrough podcast, discusses the importance of preparing a business for exit and why every business owner should care. With over 30 years of experience in transforming businesses, Pete emphasises that a business should support the life an owner wants to live, not the other way around.Pete introduces his 5P Structure — Promise, Product, Process, People, and Profit — as the foundation for building a business that can operate independently and attract buyers when the owner is ready to exit. He highlights that a business ready for exit is also well-positioned for growth, resilience, and owner freedom.Key points include: • Exit readiness is essential because 50% of businesses are sold under distressing circumstances such as illness, divorce, or partnership disputes. • Owners must consider whether they have built a business or merely created a job for themselves. • Systematising operations, delegating decisions to the lowest levels, and ensuring team alignment are critical for building a sellable business. • Pete stresses the importance of personal readiness for exit, not just financial and operational readiness, as many owners struggle with the emotional aspect of stepping away. • The CMA framework — Communication, Management, Accountability — is essential for business leadership, with simple structures making it easier to implement.Pete shares a success story of helping a business owner transform their musical instrument business into an internationally recognised brand with streamlined operations, illustrating the tangible benefits of exit readiness.His advice to business owners is to take time to reflect on where they want their business to go, write down their goals, and start implementing structures to build value and ensure long-term success.For more insights, Pete’s book Business Owner Breakthrough is available on Amazon, and he encourages owners to assess their business’s readiness through his value-building system.
Connect with Peter:
Website: https://pete-mohr.com/
Email: Peter@simplifyingentrepreneurship.com
Connect with Kevin:
Learn more at www.kevinbritz.comhttps://
www.kevinbritz.com/book/
LinkedIn: https://www.linkedin.com/in/kevinbritz-leadership/
Linktree: https://linktr.ee/kevinbritz
