Business Plans: SOP for M&As
Fail to plan, plan to fail. It’s a well-worn management cliché, but it still has something urgent to say to us in the context of mergers and acquisitions.
A business plan is a corporate vision quest in writing: a road map that declares strategic goals, sets financial targets, and establishes a timeline for achieving both. A formal business plan is the hallmark of a well-run printing company. It’s also a document that must be in place if the owner intends to grow the company by acquisition or position it for a profitable sale.