Getting married after being single for 20 years has had me thinking a lot about mergers.
The romantic part is quite lovely, and I could write many blogs about the non-business side. And, maybe I will on another day. J
Unlike when you marry at a young age, marrying this close to Social Security raises issues about assets, family culture, insurance policies-so many un-romantic but necessary conversations.
There are more legal documents than just a marriage license. Just like when 2 businesses merge. With a merger there are so many issues that you don’t talk about when you start the business in your parents garage with a couple of buddies.
You have to be a lot better at communication. There is so much more at stake. There may not be time for a do-over in life.
I suppose that is why there are a lot more acquisitions than mergers of established businesses. Our viewpoints like our arteries have hardened a little bit, and we don’t really want to compromise. We are pretty comfortable with our way of doing things. It has brought us much success in life.
So mergers require a lot more communication. They require honest conversations about what is-especially when it comes to values and culture. What you see really is what you get. You are not going to change that other culture, you better like it. – or figure out how to live with it.
What’s working or not working in your culture? Is it time to talk about a few changes?