Making this shift in mindset along with putting the right controls and talent development systems in place will unlock a lot of value in the business while decreasing risk.
There are two major things that will control risk and variability for the ownership:
- Develop the right levels of controls that provide reasonable capital protection for the ownership while allowing the management team the flexibility necessary to operate the business.
- Develop and retain the right talent on the core management team to deal with all of the inevitable problems that will arise.
Ensure that your business grows smoothly through the next cycle of growth.