Getting a business to the point where the owner can step back from day-to-day management isn’t easy. Transitioning out of a business can be challenging and there are many things that can trip up the process. However, when the business owner can step back, growth options become possible that would have been unrealistic to consider otherwise. That’s why it can be so rewarding and valuable to move out and multiply growth.
However, to actually realise the growth potential of the business, there are a number of steps that the owner of the business must take as they transition out of its day-to-day operation.