Charity mergers – The three stages
This weeks episode is about Three Steps to Successful Charity Mergers.
Charity Mergers are the coming together of two separate charities to form one.
Mergers can produce several benefits for but they also have several challenges as well.
Stage one: Business case
Firstly, your Business Case, your reasons for wanting to merge. For example, economies of scale, pooling of talents, greater reach. There are benefits, as well as challenges.
Most importantly, consider if the merger in the best interest of your charity and beneficiaries.
Listen to find out more
Stage two: Due diligence
Secondly, due diligence, mentioned in last weeks podcast. Above all consider the risks and liabilities you are about to take on.
At the outset, protect yourself, and not restrict your conversations with your charity partner. NDAs (Non-Disclosure Agreements) are a must.
Moreover, it’s not just legal and financial matters that you look at. Above all the merging of charity, cultures can be the thing that strengthens the merger. However, good and bad cultures mixing is not good for anyone.
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Stage three: Change management
You will have many charity stakeholders. They will be anxious and have concerns about the prosed merger. Above all, get them on side, make a smooth transition to a brave new world.
Most importantly, communicate, understand, and involve people in the change. As a result you will have a more successful merger.
Listen to find out more
What Next?
In short, mergers are marriages. As Socrates said “By all means marry; if you get a good wife, you’ll become happy; if you get a bad one, you’ll become a philosopher.” In conclusion, Three Steps to Successful Charity Mergers will make for a happier marriage.
Make yourself comfortable. Sit back and listen
Even better subscribe so you do not miss an episode.
In This Episode
- Understanding the importance of a merger business case
- Appreciating the importance of due diligence and what it is
- Why Change Management plays an important role in Charity mergers
- Developing your own Numbers confidence and decisions
- Take more control of your numbers to help make you money, survive and thrive
Links
https://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288
https://play.google.com/music/m/I3pvpztpjvjw6yrw2kctmtyckam?t=I_Hate_Numbers
https://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zins
https://www.stitcher.com/podcast/proactiveresolutionss-podcast
https://tunein.com/podcasts/Business–Economics-Podcasts/I-Hate-Numbers-p1298505/