{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Inside BS Show","title":"If You Want to Sell Your Business You Must Remove Key Person Risk | 914","html":"","width":"100%","height":180,"duration":478,"description":"If your business depends entirely on you, it’s not really a business you can sell. In this episode of the Inside BS Show, Dave Lorenzo explains why key person risk destroys value and what you can do to eliminate it.Key Topics Discussed:The Problem of Key Person Dependence Why businesses that revolve around the owner are unsellable, and how this traps owners in a job instead of creating real wealth.Step 1: Build a Real Leadership Team The difference between hiring managers and cultivating leaders who can develop people, solve problems, and drive growth.Step 2: Create Systems and Processes Why every task in your company—from changing printer toner to delivering client work—needs documented standard operating procedures.Step 3: Redundancy and Contingency Planning How cross-training and succession planning keep your business running smoothly when key players are unavailable.The Ultimate Test of Sellability If your business can run without you for a month—or indefinitely—you’ve created a sellable, highly valuable company.Links and Resources:Subscribe Via Email: GetInsideBS.comListen on Spotify: Inside BS Show on SpotifyListen on Apple Podcasts: Inside BS Show on Apple PodcastsCall Us: (305) 692-5531Call to Action: If you want maximum value when you sell your business, the first step is removing key person risk. Which of these three areas—leadership, systems, or contingency—needs your attention today?Buy the Book: The 60 Second Sale","thumbnail_url":"https://img.transistorcdn.com/PiZj2Jvm0A50__OqC5DH07qJG7fmMYBgHzZdsz2P7co/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZDIx/MjEwZDNiZDMwN2Uw/YzJiNjE0ZTNkMmFm/ODZlOC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}