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Tip #113: Why it’s a bad idea to tell employees about the planned sale of a business.
Most employees are not comfortable with change. Rationally, it makes no sense for employees to quit because the new owner is most likely going to need their experience more than ever. But that is the first instinct for some employees. And it can be very frustrating for the business owner to have to sneak around or even not tell the truth. But not disclosing to the employees that the business is for sale is usually the most prudent and least disruptive thing to do – all the way to closing.
