Selling a business can destabilize your team and lead to the loss of key employees. Here’s how to prevent issues and retain key employees when selling.
How to Sell a Business: Retain Key Employees During a Business Sale
Losing key staff can not only cripple a business, but destroy your chances of selling. In this video, we’ll run through HOW to avoid this by not only retaining your key staff during a business sale, but getting their help in the process.
When selling a business, consider that the sale process can destabilize your team. If not handled well, this can lead to losing key team members.
Fear of this happening can paralyse a business owner from taking any action towards selling, rendering the owner a prisoner in their own business too scared to sell in case it triggers an exodus of customers and staff.
Fortunately, there are a few simple strategies that can not only reduce the risk, but increase the overall value for any buyer.
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