The business can encourage followers and friends on social media platforms to like or follow the new brand. Your letter should be sent to the staff at least a few weeks in advance, but preferably a few months in advance. The simplest and quickest way to initially announce your new online business is through social media. Choose a media outlet appropriate for your business, such as a neighborhood newspaper for a neighborhood hardware store or a food and drink column for an established restaurant. Completing the first sale sounds straightforward enough, yet the optimism and reassurance it brings can make it the biggest turning point in the life of your business. Invite the … The purchaser can purchase the business with or without taking on the existing employees of the business. Include a telephone number and email address where customers can contact you and your staff to discuss any questions they may have about the business sale. Scenario 1 You own a small consulting business … Download and use this simple letter to announce the start of your new real estate business. Rumors and misinformation thrive when concrete details aren't available. There are many ways to do a sales promotion, including online coupons, open houses, store-wide discounts and referral bonuses. Announce the opening of your business, and add a brief message about your service or product. Be sure the announcement is the star of the show by not distracting it with other information. 2: Invite the reader to be your customer. If you've already told employees and customers that you're offering your business for sale, announce the listing through a medium that's appropriate for your industry, such as a mobile food listing service for a food truck business. … We would like to send a letter to our customers advising them of the … Website Your website is your online home. Devra Gartenstein founded her first food business in 1987. Start a Blog. This document, which we call a Confidential Business Memorandum or CBR, should include an overview of the business … Many entrepreneurs get their first few sales from their personal connections including; … These key customers should hear about the business sale before the news reaches the general public. However, confidentiality is critical for attracting the right buyers, and the premature release of information about an ownership transition can spark an exodus of customers and employees and scare away potential buyers. Subject: Change of Ownership Announcement Letter. Exit Strategies Selling Your Business: How to Tell Employees and Customers It's a tricky balance between being open with your team and preserving the confidentiality of the sale process. The three steps to determine the value of a business … 1. Although it isn't appropriate to share certain details during the early stages of the process, circle back later to make sure all of your employees', vendors', and customers' questions are answered. What story does your business tell? Properly timing the release of information isn't as easy as it sounds, and it's not uncommon for a poorly timed conversation to threaten the entire sale. Provide enough information so he or she can easily take advantage of your offer. Provide enough information so he or she can easily take advantage of your … Sole proprietors can decide on their own, but any type of partnership requires the … Jose Luis Pelaez Inc/Blend Images/Getty Images. An asset sale means that the purchaser’s entity (such as a company) buys the business from your operating entity. But as a rule of thumb, if you’ve been in business … Decide to close. 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