High staff turnover can certainly have an impact on the value of a business, as it can lead to decreased customer satisfaction, lower productivity, and decreased morale. It can also lead to increased costs associated with recruiting, hiring, and training new staff. Ultimately, if the turnover rate is too high, it can have a negativeContinue reading “Does high staff turnover reduce your business sale value?”
Author Archives: Ken McLelland
Is it important to recruit new Board members before going down an exit route?
Yes, recruiting new Board members before going down an exit route is important. This is because they can provide valuable insight and guidance by utilizing their knowledge and experience in the industry. Additionally, they can help you strategize your exit plan and ensure that the organization is well-positioned for the transition. Ultimately, having fresh perspectivesContinue reading “Is it important to recruit new Board members before going down an exit route?”
Does a strong management team add value to your sale price when looking to sell your business?
Absolutely! Having a strong management team in place can be a major factor in the sale price of a business. A strong team allows potential buyers to feel more secure in their investment, as they know that the business will continue to be well-managed and successful even after the sale. This can be invaluable forContinue reading “Does a strong management team add value to your sale price when looking to sell your business?”