Hide plans from employees and customers

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Changes in management and strategy can cause unrest among employees and reduce customer loyalty. This will have a negative impact on the business's reputation and revenue, and reduce its attractiveness and value to potential buyers.

Let's say the owner of a nail salon decides to sell his business. He doesn't discuss this step with his employees, which causes rumors and uncertainty in the team. Key specialists start looking for other jobs, and clients will leave with them because they have become accustomed to their specialists. If the salon owner had talked to the specialists, they would have been able to prepare for the changes. But in our case, the business loses both employees and clients, which reduces its value for a future buyer.

To prevent employees and clients from going to kuwait telegram mobile phone number list competitors, it is worth establishing open communication and telling them about your plans. You can provide your staff with clear instructions on how you plan to work before the sale and tell them what will change after it. It is considered good form to provide that the staff will retain all guarantees after the sale.


And remember: you should part with a business as an asset without regret. You are selling the result of your many years of work, but the knowledge and personal brand will remain with you forever. If you want, you can always return to the business - and the second time will be much easier than the first.
Evgeniya Lonskaya
Financial expert of Fintablo, financial director of Neskuchnye Finansy