3 Pieces of Advice
If you were only able to provide 3 pieces of advice to the future owner of your business, what would that advice be?
Bear in mind the future success would solely be dependent upon this individual executing upon your advice. In this mock scenario you are not allowed to intervene at any point after you give this advice.
If you run through this exercise with your team you will find out who is thinking short term vs long term. You will also discover what people value and more importantly you can see who the big thinkers are.
Examples of what I’ve heard:
Double down on sales
Fill the bench with A-list talent
Scale through strategic acquisitions
Target new verticals
Increase or decrease our product offerings
Increase our pricing
Build new partnerships
Trim the fat and go lean
Get out while you can
Now it’s your turn…
What three pieces of advice would you give the future owner of your business?
Pro Tip: If the advice is good enough, you can start implementing it today!
Side note: I just discovered the polls feature on Substack… maybe we’ll do more of these if we can get enough participation…
Tim Martinez
“The Inside Man”
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