Robert Bodansky Published in the Washington Business Journal
“How Being Indispensable Can Hurt the Sale of Your Company”

An article by Corporate partner Robert Bodansky was published in the January 4 issue of the Washington Business Journal. In the article, Bob warns against private companies being too dependent on their owners or other key personnel. 

“Very often, the owner of a private company is ‘the company,’” Bob remarks. “It is the owner’s contacts, reputation and expertise that has created and sustained the company and brought in the opportunities.” When the company’s success is tied to a key individual, the company’s chances of being sold are reduced, as “the buyer would have nothing to show for its investment.”

To enhance company value, Bob recommends developing talent internally or through lateral hiring. “It is important to realistically look at the business, define the key positions or roles, candidly assess existing personnel and then get the right people into the appropriate slots,” he emphasizes.

To read the entire article, click here: http://www.bizjournals.com/washington/blog/fedbiz_daily/2012/01/how-being-indispensable-can-hurt-the.html?s=print