Just as important as financial due diligence is cultural due diligence when acquiring new businesses on your path to growth.
That is intentionally comparing cultures, mission, and goals to determine if they are in alignment with your existing company culture. As we all know, the people and the customers are what keep the business growing, and if we lose good talent and the customers do not come back, it can be fatal.
Click the following link to read Kendall Rawls’ article on the Multi Unit Franchising Website titled:
Vision, mission and core values are at the heart of the strategic planning process. And, core to ensuring growth does not send the business out of wack from the owner’s purpose. Click the following link for more drill down resources on Strategic Planning.
Sign up for our monthly e-newsletter to stay informed on how to overcome related succession planning issues.