In this episode of Business Buying Strategies, Jonathan talks with Steven about the complexities and challenges faced after acquiring businesses. Topics include cultural integration, logistical challenges, management of cash flow, and the importance of consolidating back-office functions like HR and finance.

Steven also shares his experiences dealing with change management, maintaining personnel trust, and managing cultural differences across acquired companies. They discuss the future goals for the businesses and the strategies used for growth and eventual exit plans. 

Key moments

01:03 Upcoming Events and Opportunities

01:45 Introduction to Stephen's Journey

02:04 Challenges of Business Integration

03:08 Stephen's Onboarding Experience

04:11 Managing Bank Accounts and Cashflow

07:58 Consolidating Finances and HR

10:38 Insights from Private Equity

20:38 Dealing with Cultural Differences

22:45 Stephen's Personal Involvement and Future Vision

25:56 Is It All Worth It?

 

** Looking for a great acquisition lawyer in the UK? Use mine! **

If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at [email protected].

Ready to get started?

Here’s how you can start your business buying journey…

Download our free Business Buying Toolkit https://dealmakers.co.uk/business-buying-toolkit

Join our Business Acquisition FastTrack programme https://www.dealmakers.co.uk/fast

Already bought a business?

if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on [email protected] for more information.