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Patrick Ungashick

7 Reasons to Put Golden Handcuffs on Your Best Employees

By Patrick Ungashick High-performing employees are often the most valuable asset in most companies. Customers, products, technology, inventory, and many other assets come and go. A company that cannot hold onto its best employees, however, likely cannot grow. Yet ironically, few companies take any formal steps to minimize the risk of losing top employees. Sure, […]

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Patrick Ungashick

7 Reasons to Not Share Ownership with Key Employees

By Patrick Ungashick Many business owners consider at some point sharing ownership of their company with one or more key employees. Sharing ownership can create powerful advantages—retaining employees for the long-term and incentivizing them to increase business value are usually top motives. Sharing ownership appears to elevate top employees into a true partnership with the […]

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Patrick Ungashick

Business Valuations: Three Situations When You Might Not Need One

By Patrick Ungashick Business valuations are an important tool for owners and leaders of privately-held companies. For example, if you are doing sophisticated tax planning, buying-out a business partner, or if an owner is going through a marital divorce, then a valuation may be highly prudent—if not legally required. However, business owners and leaders should […]