3 Keys to Important Business Mergers

Business mergers are usually fraught with complex emotions. It’s a new beginning. You should be happy and excited, but often everyone is on edge, just hoping that it will work out okay. Some people just put their head down and work through it, waiting for the ax to drop or not. Others get the heck out of a company that is merging, not wanting to deal with change. There’s a better way. Embrace the change and use it as a springboard.

Here are three things that you can do to make a merger more successful for you.

SWOT Analysis

One of the best things you can do is to analyze the situation before you get too upset. The SWOT analysis framework is tried-and-true. Consider the strengths, weaknesses, opportunities and threats. Some business mergers don’t affect anything about the way the company is run, while others may offer opportunities for you to take on new projects.

Carpe Diem

Seize the day. If you’re in a position to integrate yourself into the merger process, volunteer. You may find yourself sitting on the transition team, opening up a world of new possibilities. Even if you decide to leave the business after the merger is complete, you can put it on your resume as a positive. During interviews, you can talk about how you navigated the transition.

Use the Situation for Growth

Learning to collaborate with a new team is a huge opportunity for growth. Likewise, if you get laid off, you also have the opportunity to look at your life and figure out your new career path. It might be time to update your resume and work on getting hired somewhere else. If you haven’t thought about where you’re going careerwise, a business merger may be the impetus you need.

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