In today’s society the divorce rate is fifty percent. With that in mind, what’s the difference between meshing personalities in a marriage and personalities in a company merger?
Mergers and acquisitions seem like a great idea when you’re thinking of cutting overhead, reducing staff, adding to the expertise your company can offer, or trying to figure out exactly what to do with your company when you decide to go. However, just because you find a company you think would be great to merge with financially, remember there are still people in the mix that have to make the merger work.
When deciding to make the leap into a merger, make sure that both sides are committed and willing to work out the rough times. Otherwise, you risk a pricey “divorce” and the chance that your internal secrets have gone when your partner does.