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Answer Upon - How to Inform Employees When You Sell a Business
I want to say something quite clearly and emphatically, and ask you to repeat it to yourself a few times:MY COMPENSATION IS ENTIRELY ARBITRARY!For example, let’s say you write computer programs for a software company that packages your “code” i
You also can explain that you will continue to be involved in the operation of the business for a period of time
There are employment and career opportunities in the car wash business. That sounds rather interesting doesn't it? Do you know why there is so much opportunity and employment available in the car wash business?It is because car wash owners have been
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
Have you ever noticed that some business owners continually complain about how bad their industry is?Or how bad their customers are?Or how bad their suppliers are, or how bad their staff is?Yet in the same industry and in the same area t
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
It was one of those hot August nights. The type Neil Diamond used to write about in the sixties. Sweltering and breezeless, it came creeping into the house like a heat stroke. The air conditioner had been out of commission since this morning, and the afterno
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
I have TWO critically significant questions for you! The same TWO questions that were asked of Six Thousand, Six Hundred people (6,600).1. "Do you receive as much praise, approval, and appreciation on your job as you feel you deserve?"2. "Would
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
It is often said that the majority of people are but a few checks away from homelessness. Without a consistent income, this may be a true statement. Some ability to multi-task can get you through a temporary employment down-spell.While a formal plan
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
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