Conventional business wisdom tells us that if we work hard, have a great product or service and the right marketing plan, your business will consistently grow. Anyone that has ever ran a business will tell you that this conventional wisdom is flawed. The hardest working individuals with the best products in the market with the best laid plans can often fall flat. So how do you as a small or medium size business owner stimulate growth in your business? One short cut to growth can be through acquisition.
Growth through acquisition is often associated with large, Fortune 500 companies. You open any business publication and can read about these major national corporations buying up a startup or a competitor for millions, if not billions, of dollars. While this is the general perception of “Mergers and Acquisitions” the fact is there are an even greater number of transactions that take place on a much smaller scale. These types of acquisitions can accelerate or maintain growth trends in your business.