Small Business Mergers Lower Costs and Add Value

7 tips for successful small business mergers provided by the owners of recently merged businesses.

(PRWEB) October 10, 2004 -- Take two already successful small businesses, merge them together, and what do you get? A robust, agile, small business with combined resources and services to better serve their clients.

Small business mergers are rarely publicized. However, owners can take advantage of the same benefits as larger businesses. Our merger has reduced our costs, combined our marketing efforts, and leveraged our individual strengths and best practices," states Leila Johnson, co-owner of Data-Scribe. Her original company, Johnson Solutions Group, focused on small business image consulting. This month, she officially merged her company with Johnson Advisory Group to create Data-Scribe.

Brett Johnson, co-owner of Data-Scribe and former owner of Johnson Advisory Group, adds, Originally, we had different target markets. Then, we started subcontracting to each other as our businesses evolved." Johnson Advisory Group focused on technology training and data management. After redefining our strategies, we found our services were ideal for the overlooked market of very small businesses."

The owners of Data-Scribe have 7 key tips for small businesses that plan to merge their services:

1. Evaluate the pros and cons of a merger.
2. Consult with an attorney, accountant, and financial planner.
3. Review, combine, and update business and marketing plans.
4. At least one month in advance, notify suppliers, clients, and business associates of pending changes.
5. Evaluate and change business name and structure, if needed.
6. Keep original businesses active until all contracts are completed and all debts are paid. Or, transfer contracts and debts to new business.
7. Send out press releases to reach your target audience.

ABOUT Data-Scribe: Data-Scribe is a division of VelaMira Business Services, LLC located in Rio Rancho, New Mexico. The woman-owned, minority-owned business empowers Micro-Businesses through technology, the written word, and coaching. To sign up for their monthly, electronic newsletter, the Micro-Business Gazette, visit their website at www.datascribe.biz.

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