Forbes published Doing Deals — 3 Tips for Entrepreneurs (Part 2 & Part 3). The 9 tips, each part has 3, are a list of actions to take and not to take when going through a merger or acquisition process.
- Be Careful with Letters of Intent
- Create a Competitive Environment
- Use Your Lawyer as the “Bad Cop”
- Check Your Emotions and Remain Disciplined
- Don’t Blink First
- Leave Some Chips on the Table
- Diligence the Guys (or Gals) on the Other Side of the Table
- Control the Drafting
- Retain a Strong, Experienced Lawyer to Watch Your Back