Courage to Advance with Kim Bohr
If you stepped away from your business tomorrow, not for a week or a quarter but for good, would it still run? Most owners cannot say yes, and on this episode of Courage to Advance, host Kim Bohr [https://www.linkedin.com/in/kimbohr/] and Ted Wolf [https://www.linkedin.com/in/tedwolftwo/] dig into why that answer is also the reason so many businesses never sell. A company that depends on one person is not an asset yet. It is a job that ends when they walk away. Most owners never see the trap coming. They fall in love with what they built, they reward the person who is great at putting out fires without asking why the fires keep starting, and they treat "someone will buy it someday" as a plan. Kim and Ted put real numbers to it: take a business to market today and you have about a 30 percent chance of selling it, which means roughly 70 percent of owners never find a buyer. Ted Wolf knows both sides of that math. He and his brother started a technology staffing company with 500 dollars each, grew it to 650 billable people, and sold it to Iron Mountain, going through the full private equity process himself. He is the author of The Intelligent Business Equation and the Co-Founder and CEO of Guidewise.ai, where he helps leaders close the gap between what they expect and what actually gets done as AI reshapes work. What you'll discover: * Why a business that depends on one person reads as risk to a buyer, and what makes cash flow transferable * What optionality means, and the five choices it gives an owner instead of a forced sale * The five closes Ted runs every month and quarter, and how they feed the next 90 days * Why adopting AI and planning your exit are the same governance question * How to bring AI in without breaking trust, and what not to do * Why resistance to change is usually protective rather than irrational Kim Bohr: "If you stepped away from your business tomorrow, would it still run? Not for a week, not for a quarter, but for good." Ted Wolf: "You don't grow a business just to sell it." Courage to Advance brings senior HR and business leaders into honest conversation about leading people through real complexity, hosted by Kim Bohr, President and CEO of SparkEffect. New episodes drop every second, third, and fourth Tuesday of each month. Subscribe at https://sparkeffect.com/sparkeffect-podcast-courage-to-advance/
29 episodios
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