Yeah, yeah. Hi robert heard from feeding factory again, you know, I just had a really interesting email from one of my clients and long story short rumors got out among their employees that they were selling the company and he chose not to share that with his team. And now it's created some problems for him. And so I wanted to talk to you today about whether you should tell your employees that you're thinking of selling your company or not. To me. You know, when, when I sell one of my companies or my advice on it, it's always honesty and transparency is the best policy, you know, and that's easy to say and hard to do. And you understand the culture at your company and whether you want to have an all hands meeting, whether you want to have an email, whether you want to discuss it. I love talking to our employees about it In a, in a place that's face to face where it gives them the opportunity to talk to me and it gives me the opportunity to comfort them depending on the structure of your company. I usually have bonuses or incentives when the company sells and as an entrepreneur, there's this really important lesson that I learned along the way.
It's, there's no fun winning when there's nobody to high five And if you're the only one that wins in the sale of your company and all your other, all your employees and the teammates and the people that are given two years of their life are worried or concerned about what they're going to do next. You know, often you can create a structure that makes it, that everybody wins and everybody celebrates together and perhaps, you know, some of your core team is going to want to come with you, Perhaps a transition with the company. Most of the time when a company is acquired, they're going to want to keep the team in place for the continuity. So ultimately how you choose to address this question is up to you and it's up to your corporate culture. But often I'll tell a few key members early and the people that are going to help me in the transition, but rumors are unavoidable and if you don't talk to your team about it then and then the rumors are gonna start coming and, and then it's going to come back to bite you. Like it just bit my client in the behind and I like to get out in front of it early, I think honest and transparency and creating a game worth winning for everybody is a whole heck of a lot of fun.
And that way when you win you in with everybody, If you have any questions about how to disclose it or what that looks like, just give us a call of freedom Factory, please hit like and subscribe and thank you so much for watching