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Boost The Value Of Your Business Before You Sell. Tip #3: Develop A Strong Team

When it comes to selling your business, the old saying is true: “Your people are your most valuable asset.”

Buyers interested in your business always look closely at your employee and management infrastructure. They want to see a confident managers leading loyal, motivated employees.

When you have a documented track record of solid management it will always increase the value of your business when it’s time to sell.

Here are a few ways to quickly strengthen your management infrastructure:

  • Set sales goals with incentives to inspire key managers to drive more business.
  • Provide the tools and support managers need to achieve the goals you’ve set.
  • Develop a strategic appraisal system to monitor staff and manage performance.

Remember – monetary bonuses aren’t the only way to inspire and motivate staff.

Improve the work environment. Provide job training classes. Even a word of recognition from the boss can go a long way toward building employee loyalty.

Stay tuned for Tip #4.

Topics: Insider, digital marketing, finance, Uncategorized, value

Gokul Padmanabhan

Written by Gokul Padmanabhan

Gokul Padmanabhan has devoted the past 15 years to buying and selling businesses, much of that in the restoration industry. His partnership with RESCON Business Brokers strengthens his hands-on expertise with a national presence and infrastructure that is second to none.

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