Imagine systematizing and automating your business to the point where it runs without you successfully. Then imagine taking it to the next level and actually implementing an exit strategy for your business so you can step down and hand over control of your company to your leadership team knowing that your business will continue to thrive and flourish!

Recently, I saw a Facebook status update from Matt Shoup the CEO of M&E Painting LLC saying he is stepping down from his role and handing over control of his company to his leadership team, this is why I invited him back on the show. In this interview he reveals the exact 4-Step exit strategy he used to leave the business in the hands of capable leadership and step away from his company for Good!

 

 

Tweetable Quote:

“I asked my leadership team if it is okay I step down and they said they have been waiting for years!”- @MattShoup http://t.co/oZWQ36t0Xe

— SweetProcess (@SweetProcess) March 15, 2015

 

In this Episode You will Discover:

* The 4 steps Matt used to enable him to step out of his own way and hand over control to his leadership team.

* How Matt came to realize that he could step away from his business.

* Why Matt believes it’s the job of the CEO to paint a long-term vision for the company.

* Why Matt sat down with his leadership team to establish their goals for the year, and how he helps them achieve.

* How Matt helps his leadership team achieve their greatest goals.

* Why Matt believes you need to make the decision to step away from your business and begin with that end in mind.

* How Matt took vacations away from your business and came back to find out where the holes were.

* Why Matt had to make it official that he was stepping away from his company.

 

Noteworthy items Mentioned in this Episode:

* BLOOM: Inspiring Ownership at Work by Matt Dahlstrom

 

Episode Transcript:

OWEN: My guest today is Matt Shoup and he is the former president and CEO of M&E Painting. Did I get the title right, or are you still the president and CEO?

MATT: Yeah, still the CEO, they threw me out and changed the locks so I don’t have to do anything day-to-day in the business anymore.

OWEN: That’s awesome, and that’s the reason why we have you on this interview. We’ve actually interviewed Matt before and in the previous interview we talked about how he was able to systematize his entire business so they could run without him. Now, he’s at the point where he has literally stepped out of the business and his employees are deliberately running everything literally without and is no longer part of the day-to-day anymore. The goal of this interview is to learn how he actually did that. What will you say has changed since the last time we talked to you?

MATT: What’s changed since last time we talked is I was finally able to step out of my own way. The team has been ready for a number of years to run things without me and I just couldn’t let myself go. So we had to create an environment where myself and the team,