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Three Great Ways to Optimize Your Merger

Three Great Ways to Optimize Your Merger

By combining your computer systems and merging some departments, your new giant company will be better than ever. Sounds great, right? Sadly, it’s not that simple. There is an overwhelming amount of thought, planning, and negotiation that goes into merging two (or more) companies, and to ensure that your merger goes off without a hitch, you should aim to establish a committee to oversee the process. Here are three things to keep in mind when selecting the members of your committee   1. Find the Right Committee Members The first step that should be taken is to establish your committee that will be responsible for the negotiations of the merger. It’s important to choose members that are independent of the corporate entities involved, and who are seasoned and experienced negotiators.   2. Identify and Avoid Conflicts of Interests You should be aware or aim to identify any potential conflict of interest when negotiating your merger, and ensure that those involved in the process are completely independent. The ultimate goal is to ensure that the transaction is protected from bias, and that the merger and those involved are working in the best interest of the entity (or shareholders) rather than themselves.   3. Keep your Committee Focused and Vigilant It’s imperative that your committee stay vigilant and focused during the negotiation process. In some cases, the transaction isn’t done until well after the deal has already closed. The process of a merger can be long and exhausting, but it’s imperative that your committee stay focused until the process is fully...
3 Tips On Managing Your Corporate Debt

3 Tips On Managing Your Corporate Debt

Whether that be a term loan, line of credit, or some other bank credit facility, a business usually has some sort of debt on the books. For big business especially, it’s important to know how to best manage your debt so it doesn’t hinder your growth or sink your business altogether. Here are three suggestions to better manage your debt as you grow your business.   1. Negotiate better terms If protecting your cash flow is a key goal of yours, then making your minimum payment as low as possible gives your company flexibility to protect its cash flow. See if you can have your interest and principle accrue, or if you can have interest only payments due. You can always turn an interest only payment into an amortizing one by paying down additional principal. 2.Negotiate better amortization schedules The longer it takes to pay off your loan, the lower your payments are going to be. If the loan amortizes over ten years, your payments are going to be lower than if it pays off over five. You may have to pay extra principle, but the key is to minimize your required payments to guard your cash flow. 3. Negotiate better interest rates This may take a little tact and salesmanship, but the best tool to help you negotiate interest rates with your lenders is to get them competing for your business. This shift takes you out of the position of “applicant” and transforms your lenders into people trying to earn your...