For New Sellers: Building Trust Through Transparency -- Lessons from an Acquisition
View the complete show notes for this episode. The acquisition process presents a rollercoaster of emotions for all involved, and how an acquisition is announced can dramatically impact integration. Loreta Tarozaite offers insights and lessons learned from an employee’s perspective during an acquisition and integration. She discusses the importance of effective communication, transparency, employee well-being during times of change, the influence of executive communication especially during integration, and the critical need to build trust within the company. What You’ll Learn Trust: The importance of transparency and open communication with employees throughout an acquisition process to build trust. Communication: How to address employee concerns about conflicting messaging and help them understand the rationale for an acquisition. Integration: Strategies for integrating different company cultures after an acquisition. Emotions: The emotional journey employees experience and how leadership can support them. Want More? Related Resources: Informing & Retaining Employees When Selling a Business M&A Guide | Selling Your Business to Employees Alternatives to Non-Competes with Employees Additional Resources Planning to sell your business? Schedule a free consultation today. Download a free PDF copy of The Art of The Exit: The Complete Guide to Selling Your Business, Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue, and Food and Beverage M&A: An Insider’s Guide to Selling a Food or Beverage Manufacturing, Distribution, or Grocery Business. Purchase your copy now of A Beginner’s Guide to Business Valuation | The Exit Strategy Handbook | Closing the Deal Listen to Other Episodes Managing Personality and Cultural Differences When Selling Your Business with Danya Shakfeh How Your Employees Can Impact the Value of Your Business with Marco Robert A Buyer’s Perspective — Why the Human Side is More Important Than Money in M&A Transactions with Austin King