The Checklists

The Checklists

For most day to day operations, we run with some kind of SOP. Some are as simple as brewing the perfect cup of coffee, and others cover the emergency procedures for landing an aircraft when you lose an engine. What about acquiring a company?

If you have gone through the process a few times, you end up creating and developing it with each acquisition. If you haven’t, you’ll either rely on your trusted advisor in the best case, or the internet in the worst case.

The thing with checklists is that they’re great in ensuring you have captured everything in order and didn’t miss anything. Perfect in times of emergencies where you can just do and not worry about forgetting anything. They are also great for codifying the steps you initially took to act as a reminder for next time.

Do you have one for how you go about acquiring a company? If you do, when was the last time you looked at it?

As we are constantly reminded, tech is changing all around us. However, the constants usually consist of the hardware and where they are at in the lifecycle, the subscriptions and licenses to ensure the business can continue to function, and integrating new employees into things like payroll and email to ensure they can continue to be productive with minimal downtime.

Where do you stand with your checklist?