The 5 roles you need on your team when buying a business


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Starting a business is no small feat. Complexity and scale process require a deep understanding of various fields, from financial analysis to operational management. You are not just buying assets; you are inheriting a legacy, a brand, an employee base, and an entire ecosystem that must be meticulously managed and integrated.

Success depends on assembling a team of skilled professionals who bring diverse competencies to the table, ensuring that every aspect of the business is thoroughly considered and seamlessly incorporated into your vision.

Each role is designed to cover critical areas of the business, addressing specific challenges for different key industries. Whether you're entering technology, manufacturing, healthcare, or any other sector, these key positions will help you navigate the complexities and unlock the full potential of your new venture.

Here are the five positions that are essential for a successful purchase and seamless integration.

Related: 6 critical steps to buying a business

1. Business development strategist

Summary of roles:

A Business Development Strategist is essential in identifying growth opportunities and creating strategic plans. Their responsibilities include market analysis, partnerships, risk mitigation and strategic planning.

Real world example:

When Amazon acquired Whole Foods in 2017, the Business Development Strategist team played a critical role. They identified potential synergies between Amazon's technology and Whole Foods' brick-and-mortar stores, leading to innovations such as cashier-less checkouts and improved supply chain efficiency.

How they work with other roles:

With financial analysts: Collaborate to align strategic plans with financial forecasts and assessments.

With sales managers: Share market insights to improve sales strategies and set realistic targets.

With industry specialists: Use regulatory and market intelligence to create informed growth strategies.

2. Financial analyst

Summary of roles:

A Financial Analyst provides essential insight into the financial health of the business through financial modeling, valuation, due diligence, performance analysis and strategic financial planning.

Real world example:

During the acquisition of LinkedIn by Microsoft, Financial Analysts conducted a detailed analysis, including discounted cash flows (DCF) analysis and comparable company analysis to justify the $26.2 billion price tag and predict future performance.

How they work with other roles:

With Business Development Strategist: Provide financial data to support strategic growth plans and risk assessments.

With sales managers: Analyze sales data to assess the financial impact of proposed sales strategies.

With Operations Managers: Monitor financial performance metrics to identify cost savings opportunities in operations.

3. Sales leader

Summary of roles:

or Sales leader drives revenue and scales the business through strategy development, team management, customer insights, data-driven decision making and cross-departmental collaboration.

Real world example:

When Salesforce acquired Slack, the Sales Leader role was instrumental in integrating Slack's sales processes with Salesforce, developing a unified sales strategy to maximize cross-selling opportunities and drive adoption of the Slack platform within the existing base of Salesforce customers.

How they work with other roles:

With Business Development Strategist: Align sales goals with strategic growth opportunities.

With financial analysts: Use financial metrics to improve sales strategies and measure effectiveness.

With industry specialists: Use industry insights to tailor sales approaches and improve customer engagement.

Related: Buying a business doesn't have to be difficult. Here is your Comprehensive Guide.

4. Industry specialist

Summary of roles:

An Industry Specialist brings in-depth sector-specific knowledge, covering regulatory complianceinnovation, networking, market intelligence and training.

Real world example:

In the acquisition of EMI Music by Universal Music Group, Industry Specialists ensured compliance with complex music industry regulations and helped integrate EMI's diverse catalog into Universal's operations, fostering relationships with key music industry stakeholders.

How they work with other roles:

With financial analysts: Provide industry-specific data to improve financial modeling and valuation.

With sales managers: Provide knowledge about industry trends and customer preferences to inform sales strategies.

With Operations Managers: Ensure operational processes are aligned with industry standards and innovations.

5. Operations Manager

Summary of roles:

An Operations Manager ensures smooth day-to-day operations, focusing on process optimization, supply chain management and quality control.

Real world example:

When Walmart acquired Jet.com, Operations Managers streamlined Jet's supply chain processes and integrated Walmart's logistics infrastructure, leading to improved efficiency and cost reduction.

How they work with other roles:

With Business Development Strategist: Implementation of strategic plans by optimizing operational processes.

With financial analysts: Manage operational costs and identify cost saving initiatives to improve financial performance.

With sales managers: Ensure operational capabilities align with sales goals and customer expectations.

Related: Buying a business? Be sure to check the boxes on this checklist before pulling the trigger.

Assembling a team with these specialized roles—Business Development Strategist, Financial Analyst, Sales Leader, Industry Specialist, and Operations Manager—can transform the daunting task of acquiring a billion-dollar business into a well-managed and successful venture. successful.

Each role not only brings essential skills, but also works synergistically with the others to ensure every aspect of the business is handled professionally. By integrating these roles effectively, you position your acquisition for long-term success and sustainable growth.



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