Acquiring a business is no easy transaction. However, it may be a surprise to many that preparing for the integration is where the hard work actually begins.
75% of all acquisitions fail to add value to the acquiring company, so regardless of what you have bought and indeed how much for, the success of the integration will actually be the testament to the success of the acquisition.
Preparing, implementing and executing an integration plan is certainly a challenge for any business owner. Preparing for this particular challenge is crucial. The process may require you to oversee tasks which you do not necessarily deem to be an immediate issue, such as not recognising major cultural differences at the very start of the process which could prove disastrous.
Therefore, you may find our template of benefit to help assist you throughout the next stage in your journey.