NEW OWNER BUSINESS ACQUISTION
Audit the existing processes and practices.
While you were planning the acquisition, you probably became quite familiar with how your new company works. However, there will still be a learning curve, and you'll spend your first few weeks getting to know the ins and outs of the business.
Study and understand the company culture.
Before you try to improve or alter the company culture, MITM helps you to stop, and analyze the existing culture to understand the key factors that led to the company's success. Acquisitions don't often bode well for the existing staff of the acquired company.
At MITM we will not only work with you hand in hand but we will also meet with staff to discuss changes, and concerns they have to help you work out an effective plan to increase those potential revenue losses.
Planning Changes Carefully.
Making numerous, significant changes right away isn't always the best approach when you acquire a business. Although you may be eager to make an impact, big moves like this shouldn't happen overnight. Change can be difficult for all parties involved, and people won't always be happy with the decisions you make. The best thing you can do is to be up front, and honest about any impending changes, and how you arrived at them
Check Out Our Membership Program
The MITM Membership plan is the perfect fit for someone who is not in need of a full package consultation. This comprehensive $100 a month service allows for anyone who may be in need of a dedicated MITM business consultant to help identify your business goals and consistently work with you to achieve them. Our consultants are very diverse and each one brings years of experience and most importantly the proper licenses to the table; whether that is questions around: Personal finances, Business finances, Taxes, Estate Planning, Lending, Investing, and even Residential or Commercial Real Estate