Question 1

What is the biggest mistake that destroys business value?

Accepted Answer

The biggest mistake that destroys business value is founder dependency. When a business is too reliant on the owner, it becomes a major risk for potential buyers, making it difficult to sell.

Question 2

Why is personal branding a problem when selling a business?

Accepted Answer

Personal branding can be a significant issue when selling a business because it ties the company's identity to an individual. This makes it challenging for a new owner to take over and run the business successfully, often killing the deal. It is recommended to rebrand at least 3-5 years before a planned exit.