Why you should plan for a merger

By |  September 13, 2016
Illustration: ©Leo Michael

Illustration: ©Leo Michael

You put your heart and soul into building your pest management business.

But at some point, you will have to let it go.

You already know that, don’t you? Although it’s a fact of life that none of us is going to live forever, some pest management professionals (PMPs) do not prepare themselves for what will happen to their businesses when they retire or die.

It’s time to face this harsh reality, and listen to the consultants who share their expertise in our Merger Guide.

Start planning now, and you’ll be much better off when the time comes to sell your business. The decisions you make will affect not only you, but your family and employees as well.

Merging with a company that has a big marketing budget and expansive market share will help your business grow. If you maintain a stake in your company, this is especially important — because its continued success will affect your earnings and retirement.

The employees you care so much about may be better off after a merger, too. They may be offered new career opportunities and better benefits packages. If the company cultures are similar, the transition should be seamless.

So, what are you waiting for? Start planning for the inevitable. Don’t put it off any longer.

Managing Editor Diane Sofranec can be reached at dsofranec@northcoastmedia.net or 216-706-3793.

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