To ensure a smooth transition when buying an existing business, a buyer should ________.
A) communicate with employees to reduce their uncertainty and anxiety
B) be honest with existing employees about upcoming changes and plans for the company's future
C) consider asking the seller to stay on and serve as a consultant until the transition is complete
D) All of the above

Question

Quizplus · Accepted Answer

All of the above options are important for ensuring a smooth transition when buying an existing business. Communication with employees helps reduce anxiety and uncertainty, being honest with employees about upcoming changes and plans for the future builds trust, and retaining the seller as a consultant can provide valuable insight and guidance during the transition period.

To Ensure a Smooth Transition When Buying an Existing Business