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How to Turn Your Key Employees Into Your Business Successors (and Avoid the Headache of Outside Buyers)

Tom Gledhill

created: May 27, 2025, 5 p.m. | updated: May 28, 2025, 4:56 p.m.

When there are more small business sellers than traditional buyers, your key employees may serve as a better alternative. The whole sales process is much simpler when selling to key employees. The deal would only include the business owner and the key employee(s). Related: Selling Your Business to Your EmployeesSelecting key employees and moving forwardThe business owner should be very selective and careful in choosing their employees to own the company. You, as the business owner, should approach each key employee selected as a potential owner and, in passing, mention the possibility.

1 week, 4 days ago: Entrepreneur