Photo by: kiplinger
2. Nail down your talent. As you decide which employees are most valuable to the business, begin to tie them to the firm. One way is to offer a minority stake in the business well before you're ready to step down. "Founders are often concerned with losing control of their organization," Slater said. "But transitioning a smaller portion and linking the individuals to the future success of the firm is a very important step."
... more Photo by: kiplinger
2. Nail down your talent. As you decide which employees are most valuable to the business, begin to tie them to the firm. One way is to offer a minority stake in the business well before you're ready to step down. "Founders are often concerned with losing control of their organization," Slater said. "But transitioning a smaller portion and linking the individuals to the future success of the firm is a very important step."
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