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September 10, 2018

Don't go! How to keep the staff happy when your small business changes hands

  • It's one of the hard lessons of a business sale: Despite your best efforts, some employees will leave.
  • By JOYCE M. ROSENBERG
    AP Business Writer

    NEW YORK — Offers of training and stock in their new employer weren't enough to keep four out of his five staffers when Dennis Chow sold his information technology firm in 2016.

    Chow and the buyers learned one of the hard lessons of a business sale — despite their best efforts, some employees will leave. People departed from both companies when SCIS Security acquired Chow's Houston-based Xtec Systems, most of them workers who didn't like their new assignments.


     
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