There’s more than one way to get BIG. If your company is really firing on all cylinders, hitting its targets, and keeping you in the black, an acquisition might be just the thing to take you up to the next level.
But whether you’re looking to buy or sell, it’s critical that you and your team don’t get too caught up in the excitement of the opportunity. CEOs who chase acquisitions like they’re shiny new things to collect risk stretching themselves too thin. A smaller business that wants to sell quick might be too focused on a payday and not as attentive to all the fine print that’s attached to it. A careful consideration of strategy, partner fit, and your long-term goals either inside or outside of this new entity should be what drives this process.
On today’s show, Jim Weaver outlines a well-planned, seven-step acquisition process that will help ensure proper execution, strong growth, and BIG profitability.