Change of ownership is a big deal for employees. Make sure you communicate your intentions early on in the process and be sure to tell them why you’ve made the decision to sell the company. Keep an open line of communication and this includes putting together a timeline of upcoming events. It’s also important to inform all vendors and large accounts immediately after the deal is a sure thing. Last but not least, you need to express your utmost confidence in the new owner to give people confidence in the future.
