Develop a leadership team responsible for major areas
A capable leadership team is what lets a business outlive its founder. Developing leaders responsible for the major areas means the company can run — and grow — without you, which is the heart of a valuable exit.
Do this
- Identify or hire leaders for each core function.
- Delegate real authority and accountability to them.
- Develop them so they can run their areas independently.
- Build a team that could operate if you left tomorrow.
Leadership Team Checklist
- A leader owning each major function
- Real authority delegated, not just tasks
- Leaders developed and trusted to decide
- A second layer so no leader is irreplaceable
- A team that could run the business without you
