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One of the most important conversations you need to have with yourself as a studio owner is about working yourself out of your business.
And yes, that means accepting that at some point you’re going to be selling your business, but it’s also a little bit more than that.
Having an exit plan means knowing precisely what systems you need to have in place before you can lead your studio and yourself into the future. And that can mean answering some tough questions: When are you planning to leave your business? What will your relationship with your business look like when you do? How can you train your team to ensure they’d move your studio forward in the way you envisioned?
Y’all, as someone who’s had to answer these questions every time I sold one of my businesses (and I’ve sold many), I know just how hard it can be to navigate this transition, especially when you don’t have a doggone clue where to begin.
And that’s why, for the last episode of our leadership series on Ready.Aim.Empire, I’m going to take you through the step-by-step process of planning your exit strategy so that you know exactly how to put it into action when the moment comes.
Here’s what we’re talking about in this episode:
- A closer look at what an exit plan is
- Why having an exit plan is one of the most important things for you to put into place right now
- 6 steps to planning your perfect exit plan
- What the philosophy of “hire well and train even better” is and what it will allow you to do when executing your exit plan
With grit and gratitude,