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The public relations industry is undergoing a generational shift. Many of the professionals who attend the Counselors Academy spring conference are now under the age of forty. They’re smart, driven individuals with game-changing ideas, but they lack the skills and knowledge needed to excel in the mergers and acquisitions process. They run their firms based on gut instinct and lack clear succession plans.
Relying on instinct takes you only so far, and it proves costly in the long run. Potential buyers aren’t interested in intuition. They want proof of economic stability and profit potential. If you plan on selling, you need to control your business’s profitability. And if you plan on acquiring new companies, you need the skills to accurately judge these same traits.
Doing It the Right Way: 13 Crucial Steps For A Successful PR Agency Merger Or Acquisition guides PR professionals through the intricacies of the process of mergers and acquisitions. M&A expert Rick Gould CPA, J.D., provides thirteen steps to a successful acquisition while offering sellers advice on how to prepare their company for an upcoming sale or merger.
Net proceeds from Doing It the Right Way go to the Hole in the Wall Gang Camp.[ad_2]