Tip #49: Key employees in place can be very important in the sale of a business!

buyer presentationBuyers are always interested to know if there are well-trained key employees that will stay with a new owner of the business. That expertise within the company’s operations can be very important in the transaction and future performance. Key employees can include top managers, department heads and other long-time employees in important positions throughout the company. In order to sell their business, owners must give top priority to hiring and training key employees. Many serious buyers may walk away if the business does not have that stability.