Once companies find suitable partners for mergers or acquisitions, it may seem like the hardest parts of their business deals are done. In fact, the challenges have only just begun.
Most businesses today would love to have a vibrant, well-oiled internship program delivering value and building talent. In reality, most business leaders don’t have the time or capacity to manage an internship program, whether it’s paid or unpaid.
Many firms are reaping the rewards of the use of consultants, according to Statista.com, as annual revenue growth of the management consulting services industry is $1.321 billion and 9.1% annual revenue growth is the average of management consultancies worldwide from 2015-2021. Though the industry is growing and consultants are in demand, there are potential drawbacks for companies.
It is no longer an added benefit to have and sustain a diverse workforce; it is a necessity in our ever-growing, ever changing national and global economy.
It may be every small business owner’s dream: attract the attention of a major company and get acquired for millions of dollars. But before too many dollar signs start dancing in owners’ heads, they need to take some critical steps, or else their business dreams could easily turn into nightmares.