Strategic Growth Through Acquisition

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The Agency Growth Engine Show

Ryan Parshall

34 episodes

1 week ago

The Agency Growth Engine Show is the best business growth podcast for Marketing Agency Owners, CMO's and Marketing Leaders who want to grow, scale, buy or sell their business. We focus on branding, marketing, culture, leadership, organization and sales to help your agency break through and reach your goals and vision. Join hosts Ryan Parshall and Trice Alford as we explore topics that expand your thinking and give you advice and tips on how to have a Healthy, Profitable Agency or Marketing Team!

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Strategic Growth Through Acquisition

The Agency Growth Engine Show

1 hour 6 minutes 11 seconds

3 years ago

Strategic Growth Through Acquisition

Hands down, the fastest way to grow your business is to acquire another business but most small business owners don’t consider the option. Join Ryan Parshall and Trice Alford in Episode 16 of The Growth Engine Show: Strategic Growth by Business Acquisition.

When small to mid-sized business owners have money in the bank they have all kinds of options on how to spend it. The one most often made is to take disbursements and enjoy the profit.

I see them buy that new beautiful home, that monster truck or sports car, they take incredible vacations and live it up. But all those purchases do now make your money grow..they just make it disappear.

Others reinvest in the business and buy assets, a building, vehicles, equipment or maybe they hire some much needed help.

Some, but not many, just keep it in reserves or invest in their retirement. But here’s the last option that most of the

However, acquiring a business can do so many things for the business owner and the company both and can make you the money in the next 12-24 months that you were going to spend on your personal items you wanted.

In most cases you can buy a company and absorb all, or a portion, of that business owner’s salary. I have doubled, tripled and quadrupled business owner’s salaries by helping them acquire another healthy, profitable business.

A strategic purchase means you also can get more help for your team, more customers, more expertise, more equipment, more market share and more opportunity!

There are over 32.5 billion SMB’s in the U.S. and between 8-10,000 of those sell each year. So working with a Business Broker early on can help you find and acquire the right strategic business acquisition to help your business grow fast!

So whether you have not thought about buying another business or are ready to do so, you want to do it in years where you need to have a large expense to reduce your tax burden. But don’t wait!!! You want to consider that a strategic purchase can take 6-12 months and in some cases longer.

Contact me to learn more about Growth by Acquisition for you and your business. Let me know what you’re thinking in the comments below and watch or listen to the full episode 16 of The Growth Engine Show.

Learn more about our business coaching and broker services on our Healthy Brands website.