Merging two companies should be the easiest thing on Earth. After all you are combining two well-run, and efficient companies into one major one. Correct? Unfortunately, this isn’t so. Regardless to how perfect it was prior to the merging, once merged, issues and “hiccups” are bound to happen; and if not handled well, it can lead to the destruction of both companies.
If you are planning to, or have already (recently) merge/ merged your company or business with another, and don’t want your company to face the same fate, then perhaps a few of our suggestions and tips can aid you in your task.
Read below to find our tips, suggestions and recommendations.
Know your business partners; leave no space for questions
Knowing and understanding your business partners well can almost immediately help you eliminate most of those initial problems and situations. While you might think you know the business you intend to merge with, it might necessarily be so. You can hire professionals to do a background check on both the company and your potential business partners. You could even hire a reference check service to do further investigation. This may seem extreme, but it’s always better safe than sorry. If you are still opposed to this idea, then go on a camping trip (or a fishing trip, if that interests the two of you more), as the time away from office can help you “gel” with each other better and get to know each other in a more personal level.
Work on your employees; both sets of them
Like we mentioned before, regardless to whether your employees have been working perfectly up to date prior to the merging, they might not continue to do so after the merge. It’s not really the fault of the employees. They’ve settled into a certain style of working and no doubt the merge has brought about some definite change, check this business credit agencies. It’s also possible that issues may “pop up” between your old employees and new ones. Here, a background check or even a reference check service won’t really be useful. Instead, try to break the ice between them to reduce the tension. Play a few in-office games and take them out (at least the head of departments) for weekly “office lunch”. Make them understand your short term and long term goals, and help them be motivated to work together to achieve those goals.
Reassure your clients; keep them happy
When it comes to your merging messing up, it’s not only your business partners and employees that’s going to be affected. Your customers and clients are also affected by it. It’s even possible that you might find a few of your clients not so willing to work with you anymore. Try to reassure your clients and customers that you (and your products) are still going to meet your “prior to merging” standards; and that to you, they are still your number 1 priority. This way, your sales and other crucial things won’t be affected in the long run.