If you think a New York minute is fast, your employees Telephone Number List would evacuate the premises before you can blink. They will feel insecure about their future and will seek more stable employment. Fear of new management and whether job cuts would ensue are legitimate concerns for anyone in which your business is their livelihood. If key members of staff Telephone Number List left the business after hearing the news, it may seriously cripple the performance of your business.
Consequently, not only will the value be reduced Telephone Number List your business is significantly diminished. Suppliers - Your relationship with suppliers may take a turn for the worse if they are aware of your plans to sell the business. They may feel that your decision to sell is based around financial difficulties and, if you currently Telephone Number List purchase supplies on credit, they may reconsider your position and demand cash on delivery, which may certainly have an effect on your immediate cash flow. Great businesses are sold every day.
However, in general, their is a negative Telephone Number List perception of a business when it is rumored to be for sale. Banks - Banks are very cautious of small businesses because of their risky nature and so it is no surprise to how they would react when they find out that yours is for sale. They may decide to put a halt on further borrowings, overdrafts or lines of credit available to you