{"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":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/5bf2fc47\"></iframe>","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.\n\nKey Topics Discussed:\nThe Problem of Key Person Dependence\nWhy businesses that revolve around the owner are unsellable, and how this traps owners in a job instead of creating real wealth.\nStep 1: Build a Real Leadership Team\nThe difference between hiring managers and cultivating leaders who can develop people, solve problems, and drive growth.\nStep 2: Create Systems and Processes\nWhy every task in your company—from changing printer toner to delivering client work—needs documented standard operating procedures.\nStep 3: Redundancy and Contingency Planning\nHow cross-training and succession planning keep your business running smoothly when key players are unavailable.\nThe Ultimate Test of Sellability\nIf your business can run without you for a month—or indefinitely—you’ve created a sellable, highly valuable company.\nLinks and Resources:\nSubscribe Via Email: GetInsideBS.com\nListen on Spotify: Inside BS Show on Spotify\nListen on Apple Podcasts: Inside BS Show on Apple Podcasts\nCall Us: (305) 692-5531\nCall to Action:\nIf 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?\n\nBuy 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}