Organic growth may have got you this far, and it's a great (and cheap) way to grow a business. But there are times when jumping a few steps further up the ladder can be a good strategic move, and there's no better way of doing that quickly than buying another business.
We're going through unprecedented economic times. But during such a period, for those businesses willing and able to take a longer-term view, there may well be great buying opportunities around. This could be the perfect time to acquire a struggling competitor, thus instantly growing your business and taking a competitor out of your market overnight.
Whilst the attractions are many, so are the risks. Why has your competitor been struggling? Will your people and your systems cope with the sudden growth? What about the impact on your cash flow? Are there any hidden risks within the potential acquisition? How will you raise the money?
At DK, we can help you with all of the above, from strategically modeling the impact of the acquisition on your business, helping you build and host tight systems, checking out the target via extensive due diligence, building a business plan to guide the combined venture and to assist funders, and helping you raise the money you need.
If the thought of growing by acquisition has ever crossed your mind, there's always a way of achieving and funding a deal.