exit-readiness
+4
Aug 19, 2026
Before a sale, early debt paydown moves cash to the wrong side of the multiple.
Aug 17, 2026
Buyers pay on last year by default, not by law.
owner-dependency
Aug 14, 2026
Clarity, autonomy and transferable value multiply, so one zero cancels the other two.
leverage-sales
+3
Aug 12, 2026
Before you spend a quarter fixing a bad month, find out whether you caused it.
transferable-value
Aug 10, 2026
Four of the five levels pay you cash without ending your ownership.
Strategy
+1
Aug 7, 2026
You have channels for acquiring customers and nothing equivalent for acquiring people.
Aug 3, 2026
The flaws you find first become footnotes; the ones they find become discounts.
Jul 29, 2026
The liability that accrues every day you keep running your old job.
Jul 27, 2026
They should own the unit they run, not a slice of everything you built.