ATP 58: Business Buyer's Guide - Operational Due Diligence
Description
Welcome to "After The Pitch," where we dive deep into the essential world of operational due diligence for business acquisitions. Join me, Adrian T. Marable, as we explore the crucial aspects of evaluating and streamlining operations in your newly acquired company.
In this episode, we reveal the hidden pitfalls of small business operations and the red flags you need to spot before it's too late. Discover the chaos of undocumented processes and learn how to manage them effectively. From sales and customer onboarding to financial management and customer service, we'll cover key processes that can make or break your acquisition.
Is the previous owner's disorganization giving you headaches? We'll guide you through a self-assessment to understand your team's roles and responsibilities. Plus, we'll discuss the invaluable benefits of hiring a consultant to navigate the complexities of standardizing your new business.
Operations might seem daunting, but with the right approach, it's entirely fixable. Tune in to "After The Pitch" and equip yourself with the knowledge to drive your new venture to success. Don't miss out—your operational excellence starts here!
Some recommended processes to perform due diligence on:
- Sales and customer onboarding Process
- Marketing Process
- Delivery Process (What are the step-by-step actions need to deliver the product to a customer)
- Financial Management Process (This is especially important if you do not have a bookkeeper and accountant on staff.
- Accounts Receivable Process
- Accounts Payable Process
- Customer Service Process
Theme Song "Made For" by J. Kirk
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Thanks for listening!