The Importance of Employee Stewardship in Businesses
Welcome back to the Mid Market Insider!
Today, we’re diving into employee stewardship and why you should focus heavily on employee buy-in when entering into a business relationship with a company.
"These people grew up together," a business owner told us once.
When you’re looking at numbers on a spreadsheet, it’s easy to just see employees as a number, but when you meet them and see their story, and the impact they’ve had on the business over the years, you’ll feel differently.
In private equity (or business in general), we often hear about cost-cutting, with the first one to make the list being layoffs.
But what if preserving the integrity of the staff and employees could actually boost the bottom line?
We understand that many business owners view their employees as family.
We recently helped a manufacturer implement peer recognition bonuses to strengthen this bond.
By treating teams as assets rather than expenses, we've seen businesses not just survive, but thrive.
It's about investing in your most valuable resource: your people.
For nearly every company we’ve come across, their employees are the driving force behind the company's success.
They have:
Institutional knowledge
Relationships
Shared history
These are things you can't easily replace or replicate.
Your people built this company.
Our job at Four Pillars is to help them continue to grow and succeed.
Because when your team thrives, your business thrives.
It's not just good intentions or doing the right thing.
It's good business.
Business Tool of The Week
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But I didn’t create this program to “scale” or go viral.
I built it for selfish reasons.
After buying my own business and watching it cashflow more than I ever made in a 9–5, people kept asking how I did it.
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It’s for people who want to skip the startup path and buy a real, profitable business that’s already generating cashflow.
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This is not a passive strategy, and it’s certainly not a shortcut.
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That’s all for today’s newsletter! Thanks for reading!
📅 Next Week:
In next week’s edition, we’re breaking down why hiring a sell-side advisor isn’t always a no-brainer when selling your business, and how a simple, direct approach can lead to better outcomes.
Keep building,
Nick
P.S.
If you want to hear more from ‘The Most Boring Guy In Private Equity’, follow me on LinkedIn and YouTube. I dive into the world of private equity, share some tips and tricks for small business owners, and most importantly, share my industry knowledge.
Make sure to follow me so you don’t miss out!
If you want to discuss your business goals in greater detail book a discovery call: https://calendly.com/nickmclean/discovery-call.
Just remember, this won’t cost you a dime and you get what you pay for :)
I just launched a podcast, Ambition with Nick!
Links can be found here:
Apple
Spotify
LinkedIn: Nick McLean
YouTube: NickFourPillars
