Three Steps to Successful Charity Mergers

Charity Mergers - The Three StagesThis 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 CaseFirstly, 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 moreStage 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.Listen to find out moreStage 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 moreWhat NextIn 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 listenEven better subscribe so you do not miss an episode.In This EpisodeUnderstanding the importance of a merger business caseAppreciating the importance of due diligence and what it isWhy Change Management plays an important role in Charity mergersDeveloping your own Numbers confidence and decisionsTake more control of your numbers to help make you money, survive and thriveLinkshttps://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288https://play.google.com/music/m/I3pvpztpjvjw6yrw2kctmtyckam?t=I_Hate_Numbershttps://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zinshttps://www.stitcher.com/podcast/proactiveresolutionss-podcasthttps://tunein.com/podcasts/Business–Economics-Podcasts/I-Hate-Numbers-p1298505/