Acquiring an additional business can help your company grow and diversify. However, despite the opportunities that acquisitions can create, there are a lot of risks involved as well. In order for an acquisition to be advantageous for your business, you will need the proper knowledge and discipline.
In this episode, Carl and Peter share their insights and the lessons they have learned when it comes to business acquisitions and how to find a win-win situation in every deal.
By keeping your eyes and ears open, you’ll realize that there are a lot of opportunities out there to strengthen and grow your business.
IN THIS EPISODE, YOU’LL FIND OUT…
- 3 unique deals for growing your business through acquisitions (02:47)
- EBITDA: Earnings before interests, taxes, depreciation, and amortization (4:13)
- Solving a problem (5:42)
- Liquidator’s duty (14:26)
- The value of talking to liquidators (18:09)
- Understanding the human element from both sides of the acquisition (23:08)
- The importance of delayed gratification (24:16)
- Look for the win-win deals (24:34)
- The importance of patience when making a deal (26:28)
- The value of undervalued businesses and vendor relationships (28:46)
- Knowing your numbers in the business to be able to ask good questions (31:40)
- Aha moments (34:57)
- Top 3 lessons when growing your business through acquisitions (38:07)
- Bigger deals are not necessarily better (42:20)
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