process can have an exponential impact on the value of your business. If you plan to share or transfer ownership someday—to a member of your family or leadership team, a private equity or venture capital firm, or a strategic buyer—a strong Process Component is essential. As The E-Myth Revisited author Michael E. Gerber said on the Legal Mastermind podcast, “If your business depends on people and not on process, your business does not have any value.”

