ATS Episode 10: Whether merging with a successful business is the right move for your business.

July 27, 2016 — by Admin
Leave a Comment

On the 22/05/14 Dan Proctor of ‘Simply,’ a web design and development agency asked John Hagerty and Joven Demonteverde of the Be Business ‘Ask the Strategist’ team “Should I merge with my father’s successful business (50 times the size of mine) or should I keep my current business separate?”

Background of Dan’s question:

  • His father wants him to take an official role in his business so he can retire
  • Dan is worried if the two companies merge there will be a culture clash as web design is a creative company where as IT is more formal
  • Core clients differ, his business targets SME’s and his father’s business targets large corporate clients

Initially, Dan was unaware of his ultimate goal, John and Joven assisted him in determining what it was that he eventually wanted to achieve. They then provided him with a few alternatives that would aid him in making a decision.

The different discussion topics included:

  • Family businesses
  • Strategic business plans
  • Business culture

At the conclusion of the conversation Dan was happy and relieved and stated, “well done, just like that, solved, that’s been killing me for years.”

Filed Under: Ask the Strategist, Growth Strategies