How to use short-term incentive plans to increase your business’s sales price
Retaining valuable employees through transition
Keeping key employees as contributing members of the company is a crucial component to achieving the highest possible sale price for your business. Not only are these employees’ efforts to maintain cash flow critical, they also may need to shoulder extra duties as your or your co-owners’ attention is diverted to matters concerning the transition.
In this white paper, we’ll outline how to use short-term incentive plans to keep your key people as you begin to plan for a business transfer.
“Running a disciplined process over time will better position your company for sale, attract higher quality potential buyers and increase the transaction success rate. This includes maintaining as much continuity among your leadership team and employee base as possible.”
Mike Benedict
Business Transition Advisor at BOK Financial