How Do You Tell Your Staff You Are Selling Your Business? The Better Question Might Be When Do You Tell Them?

You decide that it is time for you to sell your business. A lot of painstaking thought, countless hours of conversation with trusted advisors and loved ones, and more sleepless nights than you dare admit went into you making this life-altering decision. You finally determined the timing is right for a sale and you’re going to do it. How do you confront your staff about your intentions? Perhaps the more critical question to answer is not how but when. When do you inform your staff of your intentions?

Owners know their staff members contributed significantly to the success of their business operation. Depending upon their role and level, staff members may have the most vital direct interactions with customers, vendors, and/or other staff members. For service businesses in particular, staff members are the bloodline of the operation, fulfilling the critical needs of client engagements that enable the company to generate revenues. All other things remaining equal, the better the staff performs, the better the company performs.

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How Do You Tell Your Staff You Are Selling Your Business? The Better Question Might Be When Do You Tell Them?:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.