If you’re a business owner, one of the things you should always consider is whether you’d like to sell it at some point. This probably shouldn’t be your biggest concern of course, but it’s something you should keep in mind.

If someone wanted to buy your business, could they run it without you after a transition period? This is critical, because if you’re irreplaceable, you really don’t have a business you can sell without binding yourself to years of additional work.

Think about it, and it will probably trigger some additional thought as to how you structure your business. Think about what you should be teaching your team so that others can run certain aspects of your business that you control.

This is difficult for many entrepreneurs, but it’s essential if you ever want to have a real exit strategy.