If you can't beat them, why not buy them
If You Can't Beat Them, Why Not Buy Them?
How can you tell if buying the competition is a good idea?
? First, know where you stand. Take a good, hard look at your company’s bottom line. Make sure your company is financially sound enough to tie up that much capital.
? Make sure your people have the skills and expertise to blend the two companies together.
? Figure out why the competitor is struggling…and make sure you can overcome those issues after the acquisition.
? Do your due diligence: research the company’s relationships with customers and suppliers. Check out the balance sheet and assets. Figure out the corporate culture. Kick the tires.
? Figure out a step-by-step plan to merge the two companies.
Mergers and acquisitions can inject new blood, new customers, new capabilities and new ideas into a company—as long as the process is managed well.
Due diligence can go a long way in determining your course of action.
«Buy» for now,
P.S. If your due diligence says «yes, yes, yes!» but your bank balance says, «NO way!» call us at 954-510-0328. You may be surprised to discover how fast, convenient and affordable business financing from Shavit Funding can be.