You must do these 3 things to sell your business for a big profit

Most business owners don't have an exit strategy, which is often the result of thinking that exit planning is a luxury or simply not that important. That's a value-destroying mindset.

A business should be designed and built — just like any big project — with an end in mind. No, I'm not suggesting that your strategy can't be fluid and adjusted based upon economic realities, but your company needs to have a clear plan about where it allocates capital, both human and financial.

You wouldn't build an apartment complex, a defense system, a car or anything non-trivial without a plan, so why wouldn't you use a plan for your business? What are you using, and what are your people using, to make decisions regarding the allocation of your capital?

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