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Selling Your Business? How to Manage Employee Impact and Retention

Selling Your Business? How to Manage Employee Impact and Retention

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 In the fourth part of the eight-part series, Mike Levison from Value Acceleration Partners addresses the critical areas business owners need to consider when planning to sell a business, focusing on the impacts of a sale on employees, preventive measures for disruption, and maintaining business continuity. The uncertainty a sale brings can lead to decreased morale and voluntary departures among employees, so Levison recommends a proactive communication approach focusing on continuity, reassuring employees, setting realistic expectations, and preventing misinformation. Potential buyers should also be evaluated based on their ability to sustain or enhance the current company culture. In addition, he addresses the pivotal role of retention strategies, emphasizing their cultural and financial aspects in aligning business valuation. Levison concludes that well-managed transitions do not just address ethical obligations, but are also business imperatives, safeguarding business value and ensuring the company remains strong post-sale.
  • mike.levison@raincatcher.com

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