Tip #129: Why confidentiality in selling a business is so important!

Confidentiality is So ImportantIf word gets out that a business is for sale, it can create serious problems. Some employees may panic and quit (for no good reason), vendors may look for other places to sell their goods and services, and customers may head for the competition. It is important to hire a professional — a business broker or mergers & acquisitions advisor — who knows how to put the business on the market in a confidential way and keep it confidential all the way through closing.