This video features Mitesh Patel, principal and partner at Blue Sky Law, sharing an unconventional yet crucial strategy for business owners looking to maximize company value during a sale: “firing yourself” as CEO. He explains that if a business can’t operate without the owner’s constant presence, achieving top dollar in a sale becomes difficult. The video explores the importance of building a resilient middle management team, evaluates whether the business can run independently, and offers practical steps to gradually remove the owner from daily operations. By implementing these approaches, owners can increase their company’s appeal to buyers and maximize its value at sale by reducing risk and demonstrating strong organizational structure. Key takeaways include understanding how CEO involvement impacts value, crafting a robust management hierarchy, and preparing the business for a successful transition.