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Business Exit Ready

Key 2 of 9 ยท Foundations

Administration

Your time and the paperwork. The little things done, so nothing slips.

Nine Keys wheel: 1 Strategy, 2 Administration, 3 Money, 4 Marketing, 5 Sales, 6 Service, 7 Systems, 8 Team, 9 LeadershipStrategyAdministrationMoneyMarketingSalesServiceSystemsTeamLeadership

What this Key covers

  • Licences, insurance and contracts kept up to date
  • Records kept where someone else can find them
  • Who does each routine job, and when
  • Where your own week goes, and what you can hand off

Who it matters most for

Owners who are still the one who knows where everything is. If you do the paperwork at night, this Key is for you.

What a buyer may ask

"Are the contracts, licences, records and logins in order, and owned by the company?"

A buyer checks the paperwork early. Missing contracts, old licences or logins in your own name slow a sale down, or stop it.

Three questions to ask yourself

  1. 1Could someone else find what they need if I was away for a month?
  2. 2Which job keeps slipping because nobody owns it?
  3. 3Where does my week go, and what could I hand off?

Why it matters to you

The little things get done without you chasing them. You get your evenings back, and nothing slips when you're away.

A practical first step

Pick one routine job that keeps slipping. Agree who owns it, what they need to do it, and how they show it's done.