What steps can I take to ensure a smooth transition after acquiring a business?

A successful transition involves meticulous planning and communication. Understand the target business’s operations, culture, and key personnel. Develop a comprehensive transition plan that addresses staffing, customer retention, and operational changes. Prioritise open communication with employees, clients, and stakeholders to minimise disruption and build trust. At Portman, we can help guide you through the steps of obtaining a business loan to complete the acquisition.