Knowing how to tell employees you’re selling the business can make or break the sale’s success. In this Entrepreneur article, Jessica Fialkovich discusses when to tell staff about business sale decisions and how to manage change in business ownership.
“When should the owner inform employees that the business is being sold? Not until the sale is final and the buyer has officially taken possession.”
She warns that poor employee communication during business transition can damage morale and even devalue the deal. Fialkovich encourages communicating a business sale at the right time and involving professionals to help navigate complex transitions.
Read more:
Entrepreneur – How to Tell Employees You’re Selling the Business
