As we are now several months into varying levels of COVID-related lock downs, with no discernible end in site, it is becoming clear that businesses need to continue to work on increased effectiveness and productivity with a remote work force. Given that many buyers of businesses that Codiligent represents (as well as some sellers) are located out of the area, Codiligent has been accustomed to working with remote teams for years: it is paperless, uses digital due diligence data rooms, and has always had far more video and teleconferences than in-person meetings due to geographic locations of buyers and sellers. However, there has still been a noticeable shift of in-person meetings (networking, client meetings, etc.) to video, teleconferences, and other forms of digital collaboration. I also recognize that most of the business owners we interact with have had a material shift to remote collaboration with internal staff, customers, vendors, and other external parties. The following Harvard Business Review video provides some tips on how to more effectively collaborate with remote teams.
Buy and Sell Well
Codiligent Business Brokers' blog on entrepreneurship, capitalism, and successfully buying and selling businesses.
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