Arnon Dror is a man of many talents. This successful businessman is a name to reckon with the world of international finance. He has the distinction of occupying the office of Vice-President in many credible companies. These include US channel group, Creo Inc., Scitex, Kodak, Creo Americas and Presstek. The executives of these establishments say he has an impressive track record in the area of corporate reconstruction. They credit him with turning around the fortunes of their concerns. Many of them regard him to be an expert in diverse fields. These include cash flow management, international taxation, ERP integration, internal controls, corporate mergers, and business negotiations.
Arnon Dror Creo Americas – What should entrepreneurs know about business mergers?
This financial expert says entrepreneurs operating a small business are open to the idea of business mergers. They feel taking such a step can give a strategic advantage over their competitors. It can make their establishments financially stronger. However, they need to understand an important fact. Acquiring another business for the right price is not an easy task to accomplish. They shouldn’t attempt it on their own. It is prudent on the part of these businessmen to hire a proficient professional specializing in the field. Only such a specialist has adequate skills, knowledge, and experience to help them out. Only then can these proprietors make the right decisions. Moreover, they need to consider the following 3 important factors when opting for this course of action.
- Assessing their business’ present financial condition
Entrepreneurs need to assess their business’ present financial condition before entering into merger negotiations. They can take expert help to calculate the precise value of what their concerns are worth. This puts them in better during the talks for determining the purchase price. They should have one objective in mind when opting for this course of action. This is to improve their establishment’s current liquidity position. If this is not the case, the exercise is a waste of their time, energy and money. They can review the Arnon Dror Creo Americas tenure on the internet to know the importance of this step.
- These businessmen should have a clear idea of their objectives
The entrepreneurs need a clear idea of what they want to achieve by entering into a merger agreement. Some of these businessmen may want to expand their current market operations or acquire new technology. Many of them may consider introducing a new product-line or streamline internal activities. On the other hand, other proprietors may just want to gain economies of scale. This is why they take steps to acquire another business for a reasonable price.
- Legal and tax implications
This is one important aspect which businessmen shouldn’t ignore. There are certain legal requirements they need to fulfill when entering into merger agreements. Moreover, they need to conduct an audit of their establishments prior, and after the arrangement, They got to comply with these guidelines to the letter. Otherwise, they find themselves on the wrong side of the law. This is the last thing they want.
Corporate mergers can work wonders for small business owners. However, they need to keep the above 3 important factors in mind during the discussions. This ensures they end up making the right decision. They can even browse the Arnon Dror twitter profile on the internet. It can clear all their doubts.