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Learn about the difference between being a CEO and an owner, the importance of building a self-sustaining business, and strategies for structuring a business for growth and freedom.
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Quick takeaways
- Structuring a business for potential sale increases freedom and flexibility in the long run.
- Transitioning from CEO to owner unlocks the business's potential to grow and innovate independently.
Deep dives
The Importance of Building a Sellable Business
It is crucial to structure a business in a way that it can be sold, regardless of whether the intention is to sell it or not. This allows for more freedom and flexibility in the long run. Transitioning from being a CEO to an owner is a significant challenge but necessary for unlocking the business's potential to grow and innovate without the owner's constant involvement. Understanding the distinction between being a CEO and an owner is essential, as owners focus on building businesses that can function and thrive independently.
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AI-powered
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Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode