You already know which one of these is yours.

A founder wants to leave the company to his family. He cannot, because the business only runs on what is in his head.

An owner is ready to be less involved. He stays, because the only way he knows what is happening is being in the middle of it.

Leadership time goes to finding out where things stand. By the time it is known, it is already old.

Two businesses with identical numbers do not fetch identical prices. The difference is how much value walks out with the founder.

Conversion is where acquisitions quietly lose the value that justified them.