How to interact with your employees when you are thinking about selling your business

Selling your business can be a delicate and touchy subject. Your daily schedule and routine that your staff has most likely become accustomed to are likely to be interrupted so you can take care of things relating to selling your business. It is important to try and keep your intentions of selling on the down low when it comes to your employees so they don’t end up quitting. Here is how you should interact with your employees when you are thinking about selling your business.

How you should be interacting with employees when you have the intention to sell your business.

• Make things as normal as possible. Try not to do anything too out of the ordinary when your employees are involved. If you don’t normally have private meetings in your office, hold meetings pertaining to sell your business offsite or have them when employees are not around. It is important to make sure that day to day operations are the same as before you had intended to sell to business to ensure that there are no red-flags raised in employees minds.
• Keep the information that you are selling the business confidential. You don’t want your employees knowing that you are selling the business and the prospect of them quitting because of that to be weighing you down with even more stress than you already have. You don’t have to lie to your employees if they ask you questions, but you don’t need to let them know everything either. There is a balance between what they need to know and what you are willing to tell them.

The decision to sell your business can be extremely stressful and the addition of not knowing how to deal with employees can add to that stress. If you have any questions about selling your business or need advice, contact our team at Sunbelt Business Brokers of Durham and we can help you today!