What happens after you sell your business/what is expected of you as the seller? How to transition the business from the seller to the new owner? What are the common business transition mistakes? How do you inform your employees that you have sold your business? How can you ensure a smooth transition from the seller to the buyer post business sale? In today's video, we discuss the process of transitioning a company after it is sold. There are a few key steps;

1) Informing your key employees first that the company has been sold
2) Announcing to your employees that the company has sold. What questions to expect from employees?
3) Communicating with your customers and suppliers post business sale
4) Managing the ongoing relationship between the buyer and seller throughout the transition period.

Throughout the video there will be tips and suggestions to ensure a smoother transition and avoid a few common mistakes that some sellers will make after the deal closes. Its important to remember that after the company sells, the seller is still a coach and needs to support the buyer for a period of time, its not over yet!

If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! If you want to reach out, contact me at; [email protected]

If you are looking to sell your business and would like to learn more about Roblee Capital, please reach out to me for an introductory call. You can contact me through email or through my LinkedIn at;

https://www.linkedin.com/in/robertbe...

Roblee Capital is a Torontobased M&A Investment Bank focused on serving companies with revenues between $1MM to $100MM primarily offering sell and buyside M&A services. We work with Canadianbased business owners looking to sell their lower midmarket business. Check out our website at;

https://www.robleecapital.ca/