We don’t want chaotic turnovers; we want smooth transitions when it comes to an exit. Most business owners dream of it but don’t see the need to plan today, which is not the wisest thing to do. Whether an exit for you means selling your business or staying as the owner but having someone manage it for you, a graceful exit is possible.
In today’s podcast episode, the third and final of the Exit Strategy vs. Wishful Hoping series, Danielle Putnam and I discuss how to go about a graceful exit. We also discuss the importance of identifying your time’s highest use and why it is crucial to delegate some of it. We also tackle the importance of technology and a lot more.
Take time to listen to this episode today!
Discussion Points:
0:00 Offer and Introduction
1:52 Recap of the previous episodes
3:16 How to gracefully exit
7:34 Identifying the highest use of your time
9:46 Work with the end in mind
10:00 Having the right people on your team
12:23 Being honest
13:40 Offloading tasks to other people
14:23 Technology is crucial
15:18 Exit from other stuff to focus on what’s valuable
15:28 Delegate and free up your time
About the Guest:
Danielle Putnam is the president of The New Flat Rate, a company that she and her father founded in 2011. She is also the immediate past President of Women in HVACR, an organisation that encourages more women to enter the trades.
Resources:
Books mentioned in this episode:
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