Recognize the constraint
When this needs attention
The owner wants to step back but the business lacks reliable records, documented work or people ready to take responsibility.
What to examine
Clarify the desired transition and timeline, then assess reporting, customer dependencies, team capability and essential processes. Readiness work does not guarantee a sale or valuation.
A practical first step
Document the owner’s desired future role and the three dependencies that would prevent it. Sequence improvements before choosing a transaction path.