Summary:

How much is employee turnover silently costing your business? Lower employee retention rates can cripple your business value – here's how you can turn the tide.

In this episode, Adam and Steve Burton tackle the rising challenge of employee turnover, offering tactical solutions such as a beneficial payroll tax credit and a future-oriented 401(k) program. These strategies not only reduce costs but also empower employees to perform at their best. By implementing these measures, you can build a strong, loyal team that adds substantial value to your business.

Adam and Steve discuss:

• (01:50) How high employee turnover can significantly increase operational costs and reduce business value

• (13:12) The mutual benefits for employers and employees from implementing an ongoing payroll tax credit, boosting employee retention

• (16:14) Why a tactically managed 401(k) plan encourages financial literacy and improves employee performance

• (23:28) Strategic employee benefits that enhance the long-term success and value of your business

• And more!

Resources:

• Unlock your business’s potential with our free Scale to Sell self-assessment

• Book your free discovery call with us today!

• Mission One Million by Merle Gilley and Steve Burton

• 018 - Retaining Top Talent

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam Burton and Steve Burton:

• LinkedIn: Adam Burton

• LinkedIn: Steve Burton

Summary:

How can you successfully sell your business and ensure a smooth transition?

In this episode Scale to Sell, Steve Burton speaks with Jeff Snell, a mergers and acquisitions expert, to discuss the nuances of selling a business. Together, they dive into the importance of business valuations, the current landscape of business sales, and strategic planning for a successful exit. You'll learn the key considerations for preparing your business for sale, the role of external and internal sales, and the value of having a qualified deal team.

Steve and Jeff discuss:

• Importance of regular business valuations and how they vary

• The current market conditions affecting business sales

• Differences between external and internal sales

• The significance of having a well-rounded team for a successful exit

• And more

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam Burton and Steve Burton:

• LinkedIn: Adam Burton

• LinkedIn: Steve Burton

Connect with Jeff Snell:

• LinkedIn: Jeff Snell

• ENLIGN Business Brokers

About our Guest:

Jeff Snell is an M&A expert with over 20 years of experience in business brokerage. He is the credentialing chairman for the International Business Brokers Association and holds several prestigious designations, including Certified Business Intermediary and Merger and Acquisitions Master Intermediary.

Summary:

How do you assess your business’s value and plan for a smooth exit? How do you ensure your business thrives even in your absence?

Join Adam and Steve Burton as they dive into the crucial self-assessment questions every business owner should ask to determine their current status and future goals. You'll learn about the importance of understanding your business value, the necessity of stepping away without disruptions, and planning a thoughtful, strategic exit.

Adam and Steve discuss:

• The importance of knowing the present value of your business in the current marketplace

• Challenges of being central to your business's growth and operation, and how to mitigate them

• Evaluating the business, financial, and personal aspects of your exit strategy

• The need for a defined succession and transition plan to ensure stability and continuity

• And more!

Resources:

• Unlock your business’s potential with our free Scale to Sell self-assessment

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam Burton:

• LinkedIn: Adam Burton