Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

November 24, 2015

Three Ways To Keep Your Staff Engaged

By Achim Neumann

Landing a position at a new job is a big deal for most people, as the constant learning and challenges that goes on in these professions is enough to keep them engaged in the beginning.

As time goes by though, a variety of issues can cause some employees to drift, reducing their productivity.

Below, we’ll go over a few ways you can successfully engage your staff so that they keep producing positive results for your business, and keep them on board if you decide to sell your business.

640px-Daily_sprint_meeting

1) Keep lines of communication open

While it’s tempting to keep things simple and apply similar strategies across your business, it’s a fact that different people are motivated by different aspects of their job. The best way to figure out what gets various individuals in your team going is to foster a culture of open communication within your organization.

If you actively listen to what your team members are saying, you’ll have the knowledge required to provide them with what they need to excel in their positions.

2) Offset sacrifices with rewards

Often, policies are put into place that ensure that your portion of the company is operating efficiently. However, some of these edicts might rub certain employees the wrong way, which can have the opposite intended effect in the long run.

Negative outcomes can be averted in this situation by rewarding employees that accept these operating procedures.

If you have instituted short lunches to keep business performance levels high, providing food like pizza, gourmet meats and cheese, or sub sandwiches periodically is a great way to keep them in good spirits.

While their colleagues in other companies might have longer breaks available to them, the high quality snacks you might provide your employees on offer whenever they are hungry will keep them happy and productive. This is especially true with millennials.

3) Offer those bored with their position the chance to advance and grow

Over time, even the most interesting jobs can become monotonous, as standard procedures can cause your A players to become restless. Their productivity will begin to decrease, and they might seek opportunities for growth and development outside your company by moving laterally.

This can be combated by offering them the chance to learn more about their field through professional development courses. In addition to refreshing their mindset towards their job, it can help pave the way towards advancing them into a position with added responsibilities, which can only increase their overall value to the organization.

A quality, productive and reliable team is a huge asset for any business owner, and especially one in the market to sell a business. Any investor interested in buying a business is going to be much more attracted if a star team comes along with the deal, and one that will stay loyal.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

Comments are closed.

Any questions? Please contact us at 732-872-6777
Call Now

Client Testimonials

“Working with Marc and his company was a pleasure. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. Marc handled most of the interaction and he has one of the greatest demeanors. Again, it was a pleasure working with him and his firm.”

Douglas DiCeglio

“I recently completed an acquisition using A Neumann & Associates. Tony Valentino was very helpful and accessible during the entire process. They do a thorough job vetting both parties and got us to the finish line.”

Srini Mudambi

“Claus out of Florida helped us with the sale of our business. We had never done anything like this and him and his team walked us through the process from start to finish. We had some challenges through the process and Claus continued to show up even in the difficult conversations.”

Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs

“A Neumann & Associates is the only business broker I would use or consult with. They have assisted with 3 business sales over the past 15 years with me. They are honest and sincere and have always performed better than my expectations. They are the only one i would use for the sales of my businesses.”

James Belanger, Business Owner

“I wanted to take a second to commend the exemplary customer service from both you [Karin Neumann] and Mr. Valentino. It’s both a rarity in the industry, and very much appreciated.”

Andrew G., Investor

“We worked with Neumann & Associates to investigate the purchase of a research company in 2010 and found Achim to be capable, forthright and realistic. His depth of experience enabled us to fully understand our options, offering creative options that might enable the acquisition. While we didn’t acquire that particular company at that time, we know exactly who to call whenever we’re looking to buy or sell a business.”

Daniel Coates, Buyer

“Purchasing a business through this firm was a pleasure. Gary was very professional and transparent throughout the entire process. I look forward to working with A Neumann & Associates in the future.”

William Klemens, Buyer

“I utilized A. Neumann & Associates to assist in an M&A process. They are VERY thorough in using their time-tested process to calculate the value of investment opportunities, a process which provided a very detailed explanation for the value of the potential opportunity. Additionally, they also went above and beyond to extend other services including connecting with others who specialize in your industry and can assist with necessary steps including legal and accounting. Highly recommended!”

Edward Lane , Business Owner

“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Achim, who explained the process in detail. He had his colleague Gary come to my office in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using when the time comes for me to sell my business for max value. They gave me great insight into the steps I need to take now to get the best deal in the future. I highly recommend this firm to anybody who wants to sell now or down the road. They not only know their stuff, their actually just real nice guys.”

Robert Kardane, Business Owner
view all testimonials

Contact A Neumann & Associates, LLC

If you are considering selling your business, please contact us to learn more about our comprehensive service spectrum. Our experienced professionals will answer all your questions about selling a privately held business in complete confidentiality. Please fill out our contact form, or call us at 732-872-6777. We will contact you directly and will never identify ourselves to your employees.

call us now
Contact Us for a Free, Confidential Consultation

Experienced M&A Advisors available

Full Name
Email Address
Phone Number
Message