How To Navigate The Compensation Conversation – Part 2
Mergers and acquisitions are a huge deal, so in part 2 of this series, I want to share the pros and cons that can help during your decision making process.
Some of the pros
Mergers can subsequently lower the cost of your business and increase your revenue resulting in a ‘synergy’
Eliminate the duplication of operations and resources like machines and technology to ensure cost-effectiveness.
Can save you time in your growth strategy if the other company already has what you need such as their client base, technology,
Some of the cons
Acquiring a business can cost a pretty penny and make sure you leave a line item for legal costs
Leave space and time to merge business cultures to avoid mergers
You don’t want to lose your Brand strength so make so the merger is solid or you’re being acquired by a reputable company because as we know, not all money is good money.
M&As are not right for everyone, so gather as much info as you can before setting anything in stone.
Ready to learn more about M&As? Make sure you catch us tomorrow as we continue the series.
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About the Host
Rianka R. Dorsainvil
Rianka R. Dorsainvil, CFP®️ is the Co-Founder and Co-CEO of 2050 Wealth Partners a virtual, fee-only comprehensive financial planning firm dedicated to serving first-generation wealth-builders, entrepreneurs, and thriving professionals. Rianka also hosts 2050 TrailBlazers, a podcast aimed to address the lack of diversity in the financial planning profession by engaging industry experts and leaders in conversation.
As an award winning successful, millennial Certified Financial Planner professional, Rianka offers a unique perspective not only on the current state of the financial service industry, but on how to stay relevant in an ever-changing world.
Rianka serves as a member of CNBC’s Digital Financial Advisor Council and CFP Board’s Diversity Advisory Group, is a Forbes Personal Finance Contributor, and has been recognized for her accomplishments and leadership within the industry by leading publications and organizations such as Investment News’ inaugural 2017 Women to Watch Rising Star and Wealth Management’s Ten to Watch in 2018. She has been published in PBS NewsHour, Forbes, USA Today, Black Enterprise, CNBC, Women’s Health, and more.