Lane Ends, Merge Right

Shifting Gears from Selling Your Business to Merging By Mark Kingsdorf, MBC™, ABC Florida state coordinator, Clermont, Fla. Several years ago, I made a very personal decision to make a long-term plan to relocate, slow life down a little bit and move away from being a business owner. As a sole proprietor, as many independent planners are, I found there were very few options of what to do with the business, since, in many cases, sole proprietors are the business. I had no interest in closing my business and, as most of our team loved planning but did not love the business side of it, looking to them to take over the company was not a great option. Merging, however, became a very viable option when I found the right partner.  For me, the perfect option was right under my nose and happened quite by accident after a casual conversation with a wedding professional with whom we had a great working relationship. As we shifted gears and began to merge, we learned some very valuable lessons about the right way to merge. Find the right fit When looking at merging two companies, whether with another wedding planner or, in my […]