Nailing Your Transition As A First Time Acquirer
November 30, 2023
by a professional in Tampa, FL, USA
The first few months post-acquisition are crucial for your new SMB
You have one shot to get off on the right foot
As a new owner, I focus on:
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Connecting face-to-face with every employee, from intern to executive. Taking time to ask about their roles, goals, and concerns. I listen more than I speak.
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Sharing my vision while respecting existing workflows. Change takes finesse, not force
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Learning why the business operates the way it does. Don’t think about changing ANYTHING until you understand it
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Earning trust by rolling up my sleeves, even for grunt work. I'm there to support the team, not replace them.
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Moving cautiously before letting underperformers go. I thoroughly learned who does what first. I might try to reposition a employee who's the right person but in the wrong seat
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Peppering in team lunches, 1:1s, and collaborative projects. Company culture shifts through connection
Nailing this transition period is key to your long-term success
The worst mistake you can make?
Sinking your new ship before it leaves port
from University of Southern California in North Palm Beach, FL, USA
from Rensselaer Polytechnic Institute in Norwood, MA, USA