To be successful and scale a company with a partner, we must share our vision and expectations for growth. Scaling is about aligning expectations. So, how do we create an ideal partnership with an investor or another company?
For legacy drilling companies, the value is in their real estate and assets. A consistent book of business with proof of continual growth is a considerable asset with high value. Beyond those measurable points, many drilling companies base their value on regional history, relationships with clients and homeowners, and the number of completed projects — all creating a picture of credibility through experience. How do you put a value on that experience and our tribal industry knowledge? In the book “Winning” by the legendary Jack Welch, he states: “A merger can feel like a death. Everything you’ve worked for, every relationship you’ve forged — they’re suddenly null and void.” (“Winning”; Welch, Jack, with Welch, Suzy; HarperCollins; 2005; p. 218)