Key staff are often the owners’ “ticket out” when selling a business, and a strong team substantially increases the likelihood of a successful outcome.
This video explains how to retain key staff during a business sale, and also get 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.