Tag Archive : business growth

Have you brushed up on your goal setting strategies lately? I know it may sound like basic business advice, but time and time again, I work with business owners who are struggling with setting and sticking to goals. If you're an entrepreneur, you know how critical it is to set goals regularly, but chances are,…

One of the hardest jobs an entrepreneur faces is how to prepare your company for business growth. Entrepreneurs typically start their business and grow it with a hands-on approach. While this approach works well in the start-up phase, it typically backfires as your company starts to grow. No matter why you want to grow your…

Dear CFO, Our company is looking for a new ERP system. My CEO just informed me that I am leading our ERP system selection process as well as participating in the implementation team once we find the right fit. I’ve purchased accounting software in the past but selecting an ERP system seems like a BIG…

Recently, a Project Manager in St. Louis asked me about due diligence and acquisition integration. They were coming into the acquisition process with no previous experience. First, we addressed the due diligence process, but the other piece of the acquisition comes during the integration. Integration project management and planning is vital during this step. Informing…

Your company made an acquisition. Now what? Now comes the easy part – NOT!!  Successful post-acquisition integration is more of an art than a science, but a solid implementation plan is critical. Large companies typically have experienced integration teams that are trained to handle post-acquisition planning and still a significant number of acquisitions fail to…

Dear CFO, Management is currently targeting an acquisition and I’ve been told I will be in charge of the project plan for the acquisition due diligence and subsequent integration of the business. This is a new experience for me and I am not sure where to start. Finance Manager in St. Louis It is wise…

To acquire or not acquire, that is the question. Before you set your acquisition strategy, you need to explore the reasons and benefits. Companies seek acquisitions for many reasons, some of the most common reasons for acquisition are: Geographic expansion in the same line of business Consolidation of competition in the industry Acquire R&D or…