Do I tell my team I want to sell the business?

This is a very difficult subject to approach. The consequences of not telling your staff about your intention to sell your business can be equally devastating as telling them. This is why it is important to think carefully about what you will do, and if you decide to tell some or all of your staff, decide how you will go about it and what you will tell them.

The important thing to remember is to think long and hard about who you tell and how they will react. Letting some or all of your staff in on the news could have a positive or negative affect on the business and your staff. You know them better than anyone. Consider these points and make a decision that is best in the long run. A great piece of advice I once received was “if you make it hard now, it will be easy later. Make it easy now and it will be hard later”.