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Why You Need a Business Plan for Acquisitions
Why You Need a Business Plan for Acquisitions
hosted by: David Mariano, Director and head
of the firm’s Buy-Side advisory practice
Why You Need a Business Plan for Acquisitions
The process of acquiring a business in order to grow your own is not a quick and simple one. In order to be successful, you need to lay out a plan and then follow the steps in the right order.
In this first of five episodes about making acquisitions, David Mariano, who heads the Acquisition Advisory Practice with the firm, has switched roles and is using hisexpertise to answer questions from Western Reserve Partners’ President, David Dunstan.
Key questions in this episode:
* What are some of the consequences of not having a plan before making acquisitions?
* What are the benefits of planning versus hunting for the “needle in the haystack” when pursuing acquisitions?
* How does a business owner determine the strategic reason behind going after certain businesses?
* What do business owners need to think about when determining a plan to grow their business through acquisition?
* What are the elements of an effective acquisition plan?
* Is there value to bringing specialists in to assist in the acquisition process?
Key points in this episode:
* How a plan helps align your senior team around a strategy for acquisitions.
* Why it’s important to include your frontline, business unit leaders in the planning discussions.
* What kinds of questions a business owner needs to ask (and answer) in order to gain clarity in an acquisition plan. (5:08)
* How a plan helps a business owner stay disciplined when evaluating acquisition opportunities.
* Preparing for the time commitment involved in acquisitions from planning to execution.
* How it’s possible to become the favored party in an acquisition transaction.
* When to start talking to your financial institution about your acquisition plans.
* The value of a strong investment thesis (11:54).
* How to open dialogue with potential sellers.
* What kinds of questions to ask when determining the right advisory team to help you execute your acquisition plan.
Resources mentioned in this podcast
* Click here for access to training and templates
Listen to Fully Invested below:
View all episodes
Why You Need a Business Plan for Acquisitions
hosted by: David Mariano, Director and head
of the firm’s Buy-Side advisory practice
Why You Need a Business Plan for Acquisitions
The process of acquiring a business in order to grow your own is not a quick and simple one. In order to be successful, you need to lay out a plan and then follow the steps in the right order.
In this first of five episodes about making acquisitions, David Mariano, who heads the Acquisition Advisory Practice with the firm, has switched roles and is using hisexpertise to answer questions from Western Reserve Partners’ President, David Dunstan.
Key questions in this episode:
* What are some of the consequences of not having a plan before making acquisitions?
* What are the benefits of planning versus hunting for the “needle in the haystack” when pursuing acquisitions?
* How does a business owner determine the strategic reason behind going after certain businesses?
* What do business owners need to think about when determining a plan to grow their business through acquisition?
* What are the elements of an effective acquisition plan?
* Is there value to bringing specialists in to assist in the acquisition process?
Key points in this episode:
* How a plan helps align your senior team around a strategy for acquisitions.
* Why it’s important to include your frontline, business unit leaders in the planning discussions.
* What kinds of questions a business owner needs to ask (and answer) in order to gain clarity in an acquisition plan. (5:08)
* How a plan helps a business owner stay disciplined when evaluating acquisition opportunities.
* Preparing for the time commitment involved in acquisitions from planning to execution.
* How it’s possible to become the favored party in an acquisition transaction.
* When to start talking to your financial institution about your acquisition plans.
* The value of a strong investment thesis (11:54).
* How to open dialogue with potential sellers.
* What kinds of questions to ask when determining the right advisory team to help you execute your acquisition plan.
Resources mentioned in this podcast
* Click here for access to training and templates
Listen to Fully Invested below: