Business Transition Planning: 3 Phases for a Successful Exit
In this guide, we discuss the 3 key phases of business transition planning to ensure a smooth and successful exit.
Good afternoon, all. Today we’re reading about the necessity of measuring progress in response to feedback. Even when constructive criticism is thoughtfully given and well-received, the lack of a clear plan leaves employees with uncertainty. According to the Harvard Business Review, the ability to “self-quantify” is the key to measuring responsiveness to feedback.
Meanwhile, Forbes discusses what startup founders wish they’d done before the M&A deal. The biggest mistakes were in preparation, which often led to messy deals. Founders most often failed to document and equity organize all NDA/IP transfers.
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Middle Market Move of the Week
Acquisition financing develops in Africa. Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, partnered with Atlas Mara Limited to invest $300 million acquisition financing in Africa.
The announcement follows President Obama’s recent trip to Africa, and the project will help develop BancABC — Atlas Mara’s Southern African banking platform. With the goal of improving the business banking conditions in the area, both OPIC and Atlas Mara look forward to bringing new innovation to a growing market. Read the full press release here.