When to Tell the Employees
By Michael Cash, Business Broker in Las Vegas, NV
Selling your business is a highly confidential matter. Beyond the numbers and negotiations, there’s a human side — your employees. Deciding when and how to tell them that the business is being sold (or has been sold) is one of the most sensitive moments in the process.
As a business broker, I often help owners navigate this exact issue. The right approach can preserve the value of your business and ensure a smooth transition. The wrong timing can create disruption, confusion, turnover, and lost value.