ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::Management

How to Inform Employees When You Sell a Business

Author : Barry Evans
What is the best way to inform employees when you sell your business? Wait until the transaction is a done deal.



After many years of representing people who want to sell their businesses, experience has taught me that complete confidentiality about any thoughts of selling are in the best interests of every business owner. Consequently, the best time to make any announcements about selling will be on the afternoon of the day your transaction closes. That announcement should be well rehearsed and should include a personal introduction of the New Owners.



The meeting should be planned in advance so that 100% of all employees are in attendance. In that meeting, you can explain your personal reasons for selling and that, after a diligent search, you have found the ideal New Owners.



You also can explain that you will continue to be involved in the operation of the business for a period of time in working with the New Owners. Then, the New Owners should explain their background, the reasons for being interested in the business and their desire to do whatever is necessary in order to grow the business and create more opportunities for everyone involved. Last but not least, the New Owners should indicate they plan “no changes” and want to meet individually with each employee to get their ideas and suggestions about how to best grow the business.



Typically, any person buying your business will want to keep virtually all of your employees, as they represent a significant portion of the value of your business. Jobs will be lost only in those extremely rare instances when a New Owner intends to relocate a business a great distance, and then normally after a period of both notice and transition.



The fact of the matter is that virtually all employees fare better in the future because a high percentage of New Owners come in with additional capital and a desire to grow their new business. This growth typically spells opportunity for employees who want to grow their careers and who welcome working with a New Owner.


Article Source: http://www.articledashboard.com





Barry Evans currently has ownership interests in a number of privately owned companies and sits on the boards of a number of West Coast companies. As president of Acquisition Services Group (www.acquisitionservicesgroup.com), he has extensive consulting and merger & acquisition experience with an emphasis on the sale of manufacturing, service, and distribution firms.
2005 Barry Evans, All rights reserved. You are free to use this material in whole or in part in print, on a web site or in an email newsletter, as long as you include complete attribution, including live web site link. Please also notify me where the material will appear.

The attribution should read: "By Barry Evans of the Acquisition Services Group. Please visit Barry's web site at www.acquisitionservicesgroup.com for additional information on the sale of manufacturing, service, and distribution firms."





Spam emails More free articles

Related articles


  1. Terrible Meetings - Ten Ways to Spot Them!
  2. How to Create an Operations Manual
  3. Gift Giving for Business a Major Headache
  4. Preventative Maintenance of Company Delivery Vehicles
  5. Small Business Checking Accounts
  6. Hiring a Book Keeping Service
  7. Cheat Sheet; Understanding The MSDS and Your Obligations In The Workplace To Employees
  8. Effective Meetings by Phone - Part 2, How to Hold a Teleconference
  9. Effective Meetings by Phone - Part 1, How to Plan a Teleconference
  10. Problem-Solving Success Tip: Measure
  11. Problem-Solving Success Tip: Test Your Assumptions About Everything
  12. Hiring Great People And How to Be One Yourself: Five Secrets
  13. Think Twice Before Selling ROI
  14. Innovation Management – Diversity Can Make All The Difference
  15. CRM ...The Emperor's New Clothes
  16. Innovation Management – IBM Opens Lid On Its Treasure Chest
  17. What Accounting Software Should You Use?
  18. Making Your Workers Your Partners
  19. The Inferno of the Finance Director
  20. Dividing The Loot
  21. Unravelling the Data Mining Mystery - The Key to Dramatically Higher Profits
  22. Managing Motivation
  23. 10 Ways To Maintain Profits In A Slow Economy
  24. How To Decrease Downtime and Increase Productivity
  25. Profound Knowledge
More related feeds
How are you going to prepare your business for the holiday rush ...
Underestimating such time will not only irritate your customer, but it will also stress you out and even possibly lower the customer’s persuasion of your business and you DON’T want that! ... Blogroll. HOW TO SELL HANDMADE JEWELRY ...

EZ-Response Follow Up Sequential Auto Responder CGI Script - Ads ...
You Save Time Calendar and it for the home and one free license for the sale. EZ-Response Follow-Up is a frequent basis, determined by your business not administering it! You may not administering it! You Don't Waste affiliate It! ...

Metropolis Opinion » Best Franchise Business Opportunity in Crisis
This is new solution for entrepreneur to start their talent in business. How about join franchise business opportunity. If you have some problems with which business you may struggle; I recommend to sit in this site; Franchise Business ...

Finance And Business Articles | Article Writing For Your Online ...
But there is only one reason why you write an article, and that is to inform your audience. Article writing builds back links to your website. If you include links to your website in your article resource box, you will get an additional ...

Small Business Online » Find the Owner of a Phone Number From Your PC
You can rest assured that the fees are within your means and are justifiable according to the degree of difficulty on the search. The results will allow you to mark out who the caller actually is and to inform the necessary authorities ...

SERVICES: Let me help you tell your STORY with a VIDEO - Janglo ...
SMALL BUSINESS INTERNET VIDEO: We will help you plan your marketing video. It will INFORM, PERSUADE, tell a great STORY, and help brand your company and products. Then we compress and upload to a free site (like YouTube, only better), ...

More Creative and Profitable Ways to Use Autoreponders | Email ...
Let’s say you sell advertising on your website or in your newsletter or e-zine. Set your autoresponder to send the information about rates and how to place an ad automatically to all prospects’ email addresses. ...

Cash Gifting Through The Ages
World needs new ideas, don't you see this?World needs new words, new business-approaches, new inform; How To Measure A Carbon Footprint by David Washington Businesses can now assess the carbon footprint of their goods and services and ...

How to Inform Employees When You Sell a Business
What is the best way to inform employees when you sell your business? Wait until the transaction is a done deal. After many years of representing people who want to sell their businesses, experience has taught me that complete ...

Web Development Articles | All Websites Are International ...
What do you sell? A seemingly simple question any business executive should be able to answer, but can they answer it accurately? Ask yourself: do you sell a product, a service, or a concept? Does a shoe store sell shoes, or comfort and ...

 


 

© 2007 articlesreader.com - All Rights Reserved