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What goes around comes around

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07 July 2010

What goes around comes around

I've been fascinated recently with what happens to successful small businesses that have been bought by larger corporates. I know of  a few great businesses that were sold and suffered at the hands of the new owners. These sales have been through the result of administration as well as strategic purchases - but all with the same problems. Why does this happen? It seems that incorrect decisions can be made as to personnel and who should be retained and who is detrimental to the business. Failure to understand the market sector, audience or products by new owners is common. I think that there's also a misunderstanding about the value of personal relationships with key clients and then finally it appears that there's often a clash of culture. In extreme situations I have seen ethical companies fail when taken over by money grabbing companies who have no regard for doing "the right thing". Customers and employees suffer as a consequence. But just as my mother always said "what goes around comes around".... This year I have seen those entrepreneurial business owners who sold great businesses (or whose business went into administration) have had sufficient time to reflect and recover. The next stage of course is to pick themselves up and dust themselves down and start again. Starting again is key, using all that experience and revisiting loyal customers, suppliers and even loyal employees means that success is in sight and I for one am standing at the side line as a supporter for two businesses in particular that I know will be fabulous again. It seems that a year or two is needed in between but eventually there's no ignoring the need to get back in the game. I have so much admiration for these guys and I know from my own experience that your hunger just increases and as soon as the time is right it's time to start over but with even more determination. My time is almost here...and I've never been more ready!