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How To Mitigate Risk When Buying a Business

The Quiet Light Podcast

CHAPTER

How to Manage Expectations in the First Year

Chelsea: Most deals, at least in my experience, hit that kind of like a rocky point during the transaction historically before closing where it's like, maybe it didn't decline but it certainly wasn't because the seller lost focus right and they started focusing on the transition. I think telling an employee base that nothing is going to change is the stupidest thing a seller or a buyer could do. Tell me why. Because you're creating a psychological contract with your workforce that nothing's going to change when you have every intention of changing things. What you're saying is, there's going to be change, but not yet. And then the change that's going to happen will do together so we

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