Some areas of importance that should be considered when selling your business are those involving the key employees and “non-key” employees that work for you in your business. Sometimes business owners only focus on the past financial profits when considering the sale of their business. They should always remember that a purchaser will look beyond the numbers and want to review who works for the business. Remember the purchaser will be inheriting most of the employees – good and bad…. Consider the following:
- Are there any “problem employees” that a purchaser will not wish to hire?
- Will some of the employees become redundant and need to be let go?
- Are there key employees that a purchaser will be depending on after the sale takes place?
A private business owner needs to pre...
