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Growth Through Acquisition
Summary
Why and how an acquisition can dramatically accelerate the growth of your business!
There are numerous reasons to acquire another business. Increasing your market share. Adding new products or services. Taking a step abroad. To achieve synergy. All are valid motives for entrepreneurs to enter an acquisition market. But the worst thing you can do is "just" take over a business. For example, because a business happens to come your way.
Before you know it, you get sucked into a process that takes a lot of time and attention and leads to a new situation that you haven't thought through at all. Therefore, buying another business should always be part of a thought-out strategy. It is a strategic game that must be played well, with thorough preparation being paramount: putting together a deal team, finding and evaluating acquisition targets, valuing, negotiating and - last but not least - integrating the target with your own business.
A journey that can take anywhere from 6 to 18 months. But when it succeeds, the satisfaction is great, resulting in a significant growth step for your business.
