1. To run or to sell?

The wisest question we were asked was, are we setting up this business to run or to sell?

It's a great question. If you don't think about the answer, the chances are you will, by default, be doing it to run.

If your aim is to sell, in part or in full, you will do well to start looking at your business through the eyes of a future owner or investor as soon as you can. It's a view that could influence every big decision you make.