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123: Reward and Retain Key Employees to Maximize Exit Value and Transition Options - Anna Felix, StrongHold Wealth Partners
Manage episode 407312243 series 3561512
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The earlier you plan for life after exiting your business, the more successful your transition will be. Determine your post-exit goals and work towards a number that helps you achieve your preferred lifestyle. Anna Felix, Smart Money Strategist with StrongHold Wealth Partners, talks with host Laurie Barkman about long-term incentives that owners might consider to retain and reward key employees.
Listen in to learn more about:
Find the number; how much do you need to live on after exiting your business
When to find out what your business is worth
Employee retention and golden handcuffs
How much should an employee expect to receive
Show Links:
- Annafelix.com
- Grab a copy of "The Business Transition Handbook” for yourself at https://amzn.to/3Hqj2eo
- Download the official workbook to help you plan your transition as you read at https://thebusinesstransitionhandbook.com
- Follow the Succession Stories YouTube Channel
- Connect with Laurie Barkman on LinkedIn: https://www.linkedin.com/in/lauriebarkman/
- Subscribe to The Business Transition Newsletter. Text Transition to +1-646-495-9867
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About Succession Stories Podcast
Succession Stories is an award-winning podcast guiding entrepreneurs from transition to transaction. Hosted by Laurie Barkman, author of "The Business Transition Handbook: How to Avoid Transition Pitfalls and Create Valuable Exit Options."
Learn more about Laurie's strategic business transition planning and M&A advisory services by visiting: https://thebusinesstransitionsherpa.com
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SHOW SPONSOR: STONY HILL ADVISORS
Is this the year to sell your company? Don't leave your exit to chance.Stony Hill Advisors works with owners like you to get ready and maximize value when you're ready to sell.
Visit www.stonyhilladvisors.com/podcast for a complimentary business valuation.
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