This conversation delves into the critical aspects of preparing for a business acquisition, emphasizing the importance of strategic planning, the role of executive leadership, and the timing of hiring decisions. My guest, Travis Hann, discusses how a two-year window is essential for ensuring the right leadership is in place to make a significant impact before a sale.
Key Takeaways
- Preparing for an acquisition requires a two-year window.
- Hiring the right executive is crucial to success.
- It takes time for executives to get up to speed.
- You need 12 to 15 months for an executive to make an impact.
- Strategic planning is essential for successful acquisitions.
- Timing in hiring can make or break a sale.
- Executive leadership can change the course of a business.
- Insurance in hiring means not getting it wrong.
- A solid plan is necessary before pursuing a sale.
- Leadership execution is key to achieving business goals.
About the Show
The M&A Mastermind Podcast delivers actionable insights and proven strategies for lower middle market dealmakers. Join host Nick Olsen and top industry experts as they discuss industry intelligence, deal management, shared successes, specialized expertise, and much more. If you serve the small to medium-sized business owner, this show will offer you tactics and insights you can use and implement, now, to become a master in M&A.
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Find all our episodes at https://cornerstoneia.com/podcast/
Keywords
Mergers & acquisitions (M&A), executive leadership, strategic planning, hiring, business sale, executive impact, company processes, leadership timing, private equity
