A growth advisor is not a business coach
Star initially mistook Jessica Marx for a business coach. Marx describes herself as a growth advisor who acts as the chairman of your board before you have a board of advisors. Her mandate is preparing the business for sale or acquisition — even for owners with no intention of selling — because a sellable business is one that runs without the founder in the weeds.
- Growth advisor operates like a pre-board chairman
- Prepares the business for sale or acquisition regardless of intent
- Test of readiness: take a 3-4 week vacation and stay profitable
- Sellability is a proxy for operational independence
“you want to build your business so that it's sellable, so that it's not dependent entirely on you, so that you are not in the…”