If you step away for two weeks, what really happens?
What happens if you don't want to step away, but you get sick?
This is often what I see when I start working with folk.
In many owner-led businesses:
I owned three separate gas stations trading under one main company and I was having to decide everything.
I realised this was a fragile model, so I changed my structure, hired an Operations Manager and tried to make things better.
Did it work? Not always and I think it took me three tries to get the right person, but it was better than me doing it all!
This matters even if you are not thinking about selling right now and I've talked about this in a previous article.
Buyers don't pay for effort. They pay for reliable future maintainable earnings.
If the business relies heavily on you:
That usually leads to:
Most owners build the business around themselves at the start.
I understand that and that makes sense early on.
Complexity increases. But the structure doesn't change. So the load stays with you.
This normally shows up in three places.
1. Time:
2. Profit:
3. Value:
This is not about layers, titles, or big org charts. If you've read other content of mine you'll know that I like 'simple'.
It's about clarity:
If the answer is yes most of the time, structure is the issue.
You don't need to fix everything at once.
Start here:
Closing that gap builds value every month you operate.
Here's the trap. Owners try to fix this by:
I found that out the hard way when I employed my first Ops Manager, I abdicated to them instead of delegated. I was so pleased someone else could deal with the issues.
It didn't work to start, because I didnt have the foundation or structure right.
The goal is not to be less involved.
You might say, ‘I am not selling, so this doesn't matter.’
That's understandable. It's also short-term thinking.
The same structure that creates value for a buyer:
If execution depends on you being present, your structure is broken. That isn't a criticism it's an opportunity.