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Why buy another company (as opposing to focusing on your existing business)?
by dennisgorelik 11y ago
Why buy another company (as opposing to focusing on your existing business)?
- cpayne 11y agoIt depends on what skills you bring to the table. (Personally) I know I can execute and grow. But I can't for the life of me find an idea to get started with. Also, if you already have an existing business (such as the OP), then you may be able to bring some cost savings (therefore more profit) than someone coming in cold. Or if you already have an existing client base, adding another business to the mix means you may be able to sell to them
- dennisgorelik 11y agoBuying your own customers is a very expensive way to increase sales...
- MicroBerto 11y agoTax write off? He's too profitable, perhaps!
- dennisgorelik 11y agoIf your business is too profitable, you may try to grow faster -- that guarantees to eat all extra profit (see Amazon).
- ukaner 11y agoYou might hit the plateau, or get into a decline state and use new products to grow your business