Personally don't do any of that. Just let them roll on. You will get more in due time. If it is expanding, not losing coral, and looks healthy then why punish it or any other tank mates trying to get it to do something it maybe isn't ready or willing? Some argue that splitting is a sign of stress, duress, and they are doing it to continue on with life. Others say it is a false statement.
Edit: Just caught the cut bit. Above all there is no need for that. Many die in the process especially if it isn't something you have done before. They are so cheap I don't see a need.