An acqusition can help to take your business a stage further, but watch out for the pitfalls.

  • Check out all the pitfalls before you buy
  • Take advice
  • Be aware of what is an asset and what's not
  • Wait to buy until the time is right
  • Know your strengths and limitations
  • Does the new business create new clients or overlap with old ones?
  • Consolidate and stabilise after an acquisition
  • Don't be macho. Think before you buy

Source

Electrical and Mechanical Contractor

Postscript

Clive Lightburn is head of the corporate department at the Sheffield office of law firm Nabarro Nathanson.