What You’ll Learn Why you need to buy a manufacturing company now How to find the most profitable manufacturing company to acquire How to choose between international and domestic manufacturing …
If you’re acquiring a business, immediately overhauling the way the company operates is not likely going to be the most effective strategy. Unless the company was a fire sale, you’ll …
A lot of people think that when you own a company, it needs to be built from scratch - pulled by the bootstraps from the ground floor up to the executive suite. But the reality is that many business owners end up acquiring a company after it’s already been operating for some time. This comes with its own pros and cons, but buying an existing company is a great way to step into an ownership position right away. You may also be looking to expand a business you already own, or acquire a company that can complement your offerings in a unique way. Whatever the reason, our business buying guide should help you on your journey.
The entrepreneurial urge is a powerful one. Entire tomes have been written about people who have started their own businesses and risen to the heights of success. But the simple fact is that not everyone has the time, dedication, or wherewithal to build a business from the ground up. Fortunately, there's another way. One of the more common ways to scratch the entrepreneurial itch is to acquire a company that already exists. There are actually a number of advantages to buying an existing business.
The first few days after acquiring a business can be daunting. There’s so much to do and so much to learn, it’s difficult to wrap your head around. When you first take the helm of a new company, the first week is critical. Done right, it will set you up for roaring success, but missteps can be costly. Quinn Huffman recently took the reins of Plumb-Tech, a Missoula, Montana-based plumbing and heating company. While challenges certainly existed, he knew that if the business was to succeed, he would need to get to work right away. We sat down with Quinn to discuss his first week on the job and his process. He shared his successes, failures, and some advice.
Society will tell you that there are two main paths to solving for money: Work for someone else Start your own business But very few people talk about the third …
Before we dive into the benefits of creating and polishing a systematic framework, let’s define it, and understand where the concept came from. What is a Systematic Framework A systematic …