What's Your Plan?
Morning of close. Conference call with you, the buyer and the attorneys.
A business call - almost impersonal - when the deal is completed.
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Months of diligence and negotiating terms of the deal that feels like the end of a long, stressful journey...but it's really just the beginning.
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It's the transition of the business you spent your life building to someone else who's made a substantial financial investment and yet doesn't understand your business the way you think they do.
It's the transition away from you as the Leader, your business processes, how your employees and customers perceive your business. The transition of your company's identity and future.
Most owners think the buyer has a plan for this transition but is this true? Do either of you actually have a documented, agreed upon plan on how to handle the most important part of the entire deal - the continuity and Transition of Leadership after the close?
If you aren't sure, then you don't have a plan; and this is where failure begins.
This is where we're unique. We've been there on both sides and worked in person, on site with dozens of companies through this moment and what happens next.
Most owners think the buyer has a plan for this transition but is this true? Do you actually have a documented, agreed upon plan on how to handle the most important part of the entire deal - the continuity and Transition of Leadership after the close?