exit-readiness
+4
Aug 19, 2026
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3 min read
Before a sale, early debt paydown moves cash to the wrong side of the multiple.
Aug 17, 2026
5 min read
Buyers pay on last year by default, not by law.
owner-dependency
Aug 14, 2026
4 min read
Clarity, autonomy and transferable value multiply, so one zero cancels the other two.
transferable-value
Aug 10, 2026
Four of the five levels pay you cash without ending your ownership.
