Whether you're building for legacy or you're building to exit, you have to have a plan. Yes.
You have to not just have that plan, but you have to formalize the plan.
No matter which way we look at it, whether it's built for a legacy or built to exit, you're going to hand the business off to somebody. You want to hand a clean business.
A lot of the entrepreneurs out there aren't thinking legacy because typically when people start a startup they're trying to scale quickly, sell it and exit and go on catch flights, not feelings.
If you fail to plan, then you fail.
If you're building for legacy, you're by default building to exit.
You're a business where everything is in the head of the owner. You are the bottleneck.
If you have not put things in place for you to not be present in the business then you don't have a business.
Your business starts with your vision, but it goes nowhere if you can't scale.
You think it's common sense? Not at all. It's common because your mind has been doing it so much.
We have so much AI and technology at our disposal that the issue now is not are we able to get things done, it's have you gone and sought out information and know even how to use it.
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