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Have you brushed up on your goal setting strategies lately? I know it may sound like basic business advice, but time and time again, I work with business owners who are struggling with setting and sticking to goals. If you're an entrepreneur, you know how critical it is to set goals regularly, but chances are,…

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One of the hardest jobs an entrepreneur faces is how to prepare your company for business growth. Entrepreneurs typically start their business and grow it with a hands-on approach. While this approach works well in the start-up phase, it typically backfires as your company starts to grow. No matter why you want to grow your…

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Recently, a Project Manager in St. Louis asked me about due diligence and acquisition integration. They were coming into the acquisition process with no previous experience. First, we addressed the due diligence process, but the other piece of the acquisition comes during the integration. Integration project management and planning is vital during this step. Informing…

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Your company made an acquisition. Now what? Now comes the easy part – NOT!!  Successful post-acquisition integration is more of an art than a science, but a solid implementation plan is critical. Large companies typically have experienced integration teams that are trained to handle post-acquisition planning and still a significant number of acquisitions fail to…

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To acquire or not acquire, that is the question. Before you set your acquisition strategy, you need to explore the reasons and benefits. Companies seek acquisitions for many reasons, some of the most common reasons for acquisition are: Geographic expansion in the same line of business Consolidation of competition in the industry Acquire R&D or…