{"id":561196,"date":"2019-02-26T20:56:30","date_gmt":"2019-02-27T01:56:30","guid":{"rendered":"https:\/\/vrbbd.wpengine.com\/vrbbgreenbay\/the-sale-of-a-business-may-actually-excite-employees\/"},"modified":"2022-01-31T12:42:42","modified_gmt":"2022-01-31T17:42:42","slug":"the-sale-of-a-business-may-actually-excite-employees","status":"publish","type":"post","link":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/the-sale-of-a-business-may-actually-excite-employees\/","title":{"rendered":"The Sale of a Business May Actually Excite Employees"},"content":{"rendered":"
\"\"<\/p>\n

Many sellers worry that employees might \u201chit the panic button\u201d when they learn that a business is up for sale.\u00a0 Yet, in a recent article from mergers and acquisitions specialist Barbara Taylor entitled, \u201cSelling Your Business?\u00a0 3 Reasons Why Your Employees Will Be Thrilled,\u201d Taylor brings up some thought-provoking points on why employees might actually be glad to hear this news.\u00a0 Let\u2019s take a closer look at the three reasons that Taylor believes employees might actually be pretty excited by the prospect of a sale.<\/p>\n

Taylor is 100% correct in her assertion that employees may indeed get nervous when they hear that a business is up for sale.\u00a0 She recounts her own experience selling a business in which she was concerned that her employees might \u201cpack up their bags and leave once we (the owners) had permanently left the building.\u201d\u00a0 As it turns out, this wasn\u2019t the case, as the employees did in fact stay on after the sale.<\/p>\n

Interestingly, Taylor points to something of a paradox.\u00a0 While employees may sometimes worry that a new owner will \u201ccome in and fire everyone\u201d the opposite is usually the case.\u00a0 Usually, the new owner is worried that everyone will quit and tries to ensure the opposite outcome.<\/p>\n

Here Taylor brings up an excellent point for business owners to relay to their employees.\u00a0 A new owner will likely mean enhanced job security, as the new owner is truly dependent on the expertise, know-how and experience that the current employees bring to the table.<\/p>\n

A second reason that employees may be excited with the prospect of a new owner is their potential career advancement.\u00a0 The size of your business will, to an extent, dictate the opportunities for advancement.\u00a0 However, if a larger entity buys your business then it is suddenly possible for your employees to have a range of new career advancement opportunities.\u00a0 As Taylor points out, if your business goes from a \u201cmom and pop operation\u201d to a mid-sized company overnight, then your employees will suddenly have new opportunities before them.<\/p>\n

Finally, selling a business could mean \u201cnew growth, energy and ideas.\u201d\u00a0 Taylor discusses how she had worked with a 72-year-old business owner that was exhausted and simply didn\u2019t have the energy to run the business.\u00a0 This business owner felt that a new owner would bring new ideas and new energy and, as a result, the option for new growth.<\/p>\n

There is no way around it, Taylor\u2019s article definitely provides ample food for thought.\u00a0 It underscores the fact that how information is presented is critical.\u00a0 It is not prudent to assume that your employees may panic if you sell your business.\u00a0 The simple fact is that if you provide them with the right information, your employees may see a wealth of opportunity in the sale of your business.<\/p>\n

Copyright: Business Brokerage Press, Inc.<\/a><\/p>\n

VadimGuzhva\/BigStock.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Many sellers worry that employees might \u201chit the panic button\u201d when they learn that a business is up for sale.\u00a0 Yet, in a recent article from mergers and acquisitions specialist Barbara Taylor entitled, \u201cSelling Your Business?\u00a0 3 Reasons Why Your Employees Will Be Thrilled,\u201d Taylor brings up some thought-provoking points on why employees might actually […]<\/p>\n","protected":false},"author":2,"featured_media":561198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-561196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seller-articles","category-selling-a-business"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts\/561196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/comments?post=561196"}],"version-history":[{"count":0,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts\/561196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/media\/561198"}],"wp:attachment":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/media?parent=561196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/categories?post=561196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/tags?post=561196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}