O'bryant

This is particularly correct in the case of mergers or acquisitions. Lately, a business I founded, EMJ, was acquired by SYNNEX. Prior to that EMJ had acquired 12 other firms. The following is a list of lessons I have learned on how to do a profitable merger. 1. Challenge assumptions: Most management thinks all companies perform more or less the same. This is not... We tend to overestimate what we can achieve in a day and underestimate what we can achieve in a year. This is particularly accurate in the situation of mergers or acquisitions. Recently, a firm I founded, EMJ, was acquired by SYNNEX. Prior to that EMJ had acquired 12 other companies. The following is a list of lessons I have learned on how to do a profitable merger. los angeles business valuations 1. Challenge assumptions: Most management thinks all organizations perform much more or less the exact same. This is not correct. All companies, even if they are in the same company are distinctive. The differences tend to be subtle and for that reason simple to overlook. One assumption that is often made if a business is struggling is that current management is merely no good and that it is easy for a well run company to solve the concern. Generally it is not. two. Program Program Strategy: Mergers and acquisitions tend to be exciting. Occasionally the thrill of the deal overshadows proper detailed planning. Plan each and every aspect from customer, suppliers, staff etc. three. Program for downside. A single of the characteristics of good entrepreneurs (and I believe great business folks in common) is that they tend to be optimistic. Nonetheless, in greater danger scenarios, one always needs to appear at the downside and program contingencies. four. Be flexible: despite the fact that we need to have to have a program, we want to be versatile and modify the strategy based on new benefits. five. Often understand: a single of the things that will makes us successful as a organization is to have a understanding culture. Component of our challenge in the integration was a blindness of what could be learned. 6. Persist. In the face of challenge, maintain attempting. Persistence got us through the integration. Persistence pays. 7. And ultimately, feel lengthy term. It is the lengthy term that makes for a truly wonderful business. Acquisitions tend to go via phases. The excitement and euphoria of the deal followed by the function integrating the companies and usually disappointments that the benefits are not as expected. But if the acquisition is planned nicely and genuinely well conceived, a third phase happens, true performance and synergy occurs. We tend to overestimate what we can achieve in a day and underestimate what we can achieve in a year. site link