Building a good team is important right at the outset of your search. You will need an attorney almost immediately, to review any confidentiality agreements or letters of interest that must be signed. However, you should also begin to think about the other team members you will need early on in the search process. A good accountant is essential to the adequate review of the seller’s books, and possibly in addition, an independent auditor. Other consultants you need may depend upon your own skill levels and the nature of the business. If you will need outside funding, a financial consultant may be needed. Depending upon your own background in the functional business areas of sales and marketing, operations, engineering and manufacturing, you may or may not require outside help. An environmental consultant is increasingly needed whenever real property is involved in the transaction, to assure that no hidden problems exist. Continue reading The Successful Business Acquisition Process – Step #5 – Building the Acquisition Team
See also the more recent review: How has President Obama done so far–a spent political force?
On 20 January 2009 the global economic and political community greeted the position of the US President Barack Obama clearly as a historic moment, given that it is the first African American President of the USA. At the same time, he came to the White House with the key election slogan “We can change”, with Americans and the world full of hopes. Over the past year Barack Obama has satisfied some, and disappointed more. During this time he managed to win the Nobel Peace Prize without having the time to apply his policies and accomplish actual results in the political life of the world. His personal popularity remains high, however his policies are not popular. He made several promises. Let’s see if he kept them. Continue reading How has President Obama done so far?
Credibility is a very important aspect of success in purchasing a company. Many of the issues important to establishment of credibility for one constituency may also apply to some of the other groups. Looked at altogether, the following issues are likely to help you to establish trustworthiness and believability in your proposed venture with the business community and the community at large: Continue reading The Successful Business Acquisition Process – Step #4 – Building Credibility for Business Ownership