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How do you merge two small businesses? |
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Answer
Like Nike says, "Just do it." Make your business card two sided if the businesses are unrelated.
Equity
Merging two businesses means there'll be more than one person to share in any profits or losses the new business makes, therefore, you need to agree how much equity each person has in the business.
Work out how much each individual business was worth on its own, also consider how much work each of the new partners will put in as well as any new money being invested in the new business.
Based on those, agree on the new equity share, put it in writing and ensure each partner signs.
You may also consider a new name for the business, one that reflects the merger of the two companies.
First answer by Yooling1. Last edit by Jameslo. Contributor trust: 30 [recommend contributor]. Question popularity: 148 [recommend question]
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