Step 3: Prepare The Business For The Change Of Leaders

Nothing can be less motivating to a group of employees than learning on the day of your departure that you are leaving and selling your business. Preparations are needed so that people can be psychologically prepared. '

Some will probably wonder about their professional future: Will I keep my job? Will my working conditions stay the same? The uncertainties that result from a lack of information may drive some of your employees to consider seeking employment elsewhere. This could lead to a loss of expertise that may possibly impact the value of your business.

That is why it is important to develop open channels of communication between you and your employees. It may be worthwhile to plan an "Internal Communication Plan." You know your business well. It is up to you to determine how and when to inform your employees and reassure them about their professional future.