Last month, Glossop Cartons’ Sales Director, Jacky Sidebottom-Every took part in a round table organised by TheBusinessDesk.com to discuss the issues and problems facing small businesses.
The event was held in partnership with Gorvins Solicitors and addressed many of the challenges facing SMEs, with a specific focus on how these businesses achieve growth through mergers and acquisitions. Jacky used her expertise to comment on the benefits and challenges of acquisitions, and how to overcome these.
The group discussed the noticeable difference in emerging businesses, from tech start-ups to manufacturing businesses which require much more tangible resources. Jacky offered insight into the development of Glossop Cartons, from a humble start-up, to becoming a leading manufacturer of carton board packaging.
The discussion addressed interesting topics including the importance of investing in the right company at the right time, and ensuring that both sides involved in the acquisition have a full understanding of the proposed outcomes. Many members of the round table discussion commented on the importance of engaging and retaining talent within the workforce when going through a merger or acquisition. Often, the changes that businesses face when going through an acquisition can bring a new focus to the company and help to reinvigorate employees. The variety of experience gained through acquisitions can often bring with it positive change and growth within the company.
Overall, the discussion offered an interesting insight into the challenges facing companies who are undertaking acquisitions, but also the benefits achieved through acquisitions. If you’re interested in finding out more about the discussion, the full feature can be found here: https://www.thebusinessdesk.com/northwest/news/2023961-problems-pitfalls-ma-market