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Ep. 19 - How Does Company Culture Affect My Business's Sellability?
On this episode of Selling the Dream business coach Kathi Fleck is joined by special guest Matthew Helminiak, SPHR of Culture Diagnostics LLC to discuss the importance of company culture when selling a business.
Key points:
A strong company culture can make a business more attractive to potential buyers
When merging companies, it's important to ensure the cultures are compatible to avoid resentment and disruption
Business owners selling their companies should carefully consider the buyer's philosophy and how it aligns with their own company culture
Selling a business can be like letting go of a child, and business owners may need to grapple with letting go of control
Communication is key during the sales process to reassure employees and customers
Change management is crucial after a business is sold, as there will likely be some adjustments to company culture
Matt is a versatile executive with experience leading high-performance teams and operations. He began his career by transforming a family insulation business with a single location into a recession-proof company with operations in over 14 states. Matt also served as the Commissioner of Labor & Industry for the Maryland Department of Labor, where he spearheaded process improvements and executed legislative policy, and is a Certified Senior Professional in Human Resources (SPHR).
He is also the president of Culture Diagnostics, a company that works with businesses to evaluate their current cultural landscape—identifying strengths and areas for improvement. They also offer actionable strategies and practical solutions to foster a culture that aligns with business objectives and drives sustainable success.
For more on Culture Diagnostics:
www.culturediagnostics.com
For help preparing your business to sell, connect with one of our business coaches today:
www.growthteams.com
View all episodes
By Growth Team StrategiesOn this episode of Selling the Dream business coach Kathi Fleck is joined by special guest Matthew Helminiak, SPHR of Culture Diagnostics LLC to discuss the importance of company culture when selling a business.
Key points:
A strong company culture can make a business more attractive to potential buyers
When merging companies, it's important to ensure the cultures are compatible to avoid resentment and disruption
Business owners selling their companies should carefully consider the buyer's philosophy and how it aligns with their own company culture
Selling a business can be like letting go of a child, and business owners may need to grapple with letting go of control
Communication is key during the sales process to reassure employees and customers
Change management is crucial after a business is sold, as there will likely be some adjustments to company culture
Matt is a versatile executive with experience leading high-performance teams and operations. He began his career by transforming a family insulation business with a single location into a recession-proof company with operations in over 14 states. Matt also served as the Commissioner of Labor & Industry for the Maryland Department of Labor, where he spearheaded process improvements and executed legislative policy, and is a Certified Senior Professional in Human Resources (SPHR).
He is also the president of Culture Diagnostics, a company that works with businesses to evaluate their current cultural landscape—identifying strengths and areas for improvement. They also offer actionable strategies and practical solutions to foster a culture that aligns with business objectives and drives sustainable success.
For more on Culture Diagnostics:
www.culturediagnostics.com
For help preparing your business to sell, connect with one of our business coaches today:
www.growthteams.com