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Exit Strategy-Step 4- Hire & Retain Great People


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Exit Strategy-Step 4- Hire & Retain Great People

Your personal talents and skills will only get you so far in business.  If you rely just on what you can achieve alone, you will eventually plateau and never achieve your potential in business.  The fact is that in order to achieve your personal success, you need great people around you.  Having a strong team promotes greatness, This is because of the exchange of great ideas and also due to the different strengths people bring to the organization. 

Look for superstar employees. You may have to pay them more, but they are worth it because of what they bring to your company, and great people create great companies.  

Now, your job does not end once you hire the superstars; this is when you job begins.  You must do all you can to retain them: Coach them, mentor them, let them spread their wings, and empower them to take ownership of their positions. 

You success is dependent on the success of others around you.  A business, built and run with superstar employees, will be more attractive to a potential buyer and add much needed profit to the bottom line, while you're in business. 

 

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