[header] How to manage a change in ownership (when taking over a business ) [title] Change management is a skill that most leaders and managers will have to employ at some point in their careers-and business buyers will have to learn the basics almost immediately. [step] People react very differently to change; some thrive on it, while some prefer stability. The key during a transition is to ensure that everyone feels included in the new regime. 
As with most strategies in business, the key is managing expectations. According to theory, most employees will be shocked or angry if they discover that a business they have worked hard for is being sold.