Business owners often struggle with how to broach the subject of their future exit with their employees.
Most owners want to be straight with their team, but talking about their exit with employees who do not have ownership feels risky or threatening. On the surface, for a business owner the future exit represents a big potential financial win, the freedom to retire or pursue other ventures, and the chance to dance in the end zone. For employees, a future exit represents potential employment uncertainty and perhaps the dissolution of the company and team. It’s easy to see why owners are hesitant to even mention the word exit around their employees.
This white paper explores the seven most common mistakes to avoid when discussing exit with your employees.