Summary
In this conversation, Darryl Bates-Brownsword emphasizes the importance of building a business that is exit-ready, even if the owner has no immediate plans to sell. He discusses the mindset shift required to focus on the valuation of the business and the evolution of thinking about profit.
About the Speaker
Darryl is a dynamic, driven Business Consultant and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses. He is a great connector, team builder, problem solver, and inspirer — showing the way through complexity to simplicity. Contact: succession.plus/uk/uk-media-page/, www.linkedin.com/in/darrylbates-brownsword/
Takeaways
Start now, even if you have no plan of selling your business.
You'll build a business that can run without you.
There's nothing to lose by having a business that's exit ready.
You need to start thinking about the valuation of your business.
It's an evolution of thinking about profit.
A business that is exit-ready provides more money and time.
Mindset shift is crucial for business owners.
Valuation should be considered year in, year out.
Profit should be viewed as an ongoing evolution.
Planning for the future enhances business growth.
