If you’re looking to buy a business in 2023, there are many factors to consider. New trends and a flashy logo shouldn’t be what attract you to a company. Instead, there are deeply ingrained fundamentals that you should think about before approaching any acquisition.
In this article, we’ll go into how you can define your risk tolerance and what factors you can use to analyze deals, plus we’ll share a cautionary tale.
What You’ll Learn: Why we don’t like new construction plumbing companies. How to reallocate resources to improve efficiencies in a plumbing business. How growing a business’ gross profit can increase …
What You’ll Learn Why you might seek alternatives to an SBA loan. The pros and cons of receiving a commercial loan. How to find a commercial lender. How you can …
What You’ll Learn Why you need to understand your personal risk tolerance. What “the Third Path” looks like. How the Third Path compares to the traditional career path and the …
What You’ll Learn Why it’s important to have the right people in the right seats How to identify when the wrong people are in the wrong seats What to do …
As entrepreneurs embark on their journey to acquire a business, one of the biggest hurdles they will encounter is what type of company to buy.
It makes sense that people would prefer to buy something in an industry they’re familiar with but that isn’t always feasible. After all, you shouldn’t pass up a great deal just because you don’t fully know the business.
There are a number of industries ripe for growth, even in tough economic times. At Acquira, that’s one reason why we love home services businesses. They’re recession resilient, they often have an established clientele, and they provide a service that everybody needs.
In this industry feature, we discuss roofing companies as a possible option. Roofing is a prime example of the businesses we’re talking about. Not only can it stand up to the pressure of recessions, but it’s also a business that isn’t based on trends or market movements. After all, everybody needs a roof.
There’s no such thing as a perfect company when it comes to acquisitions. Whether you’re looking to expand your operations by buying a similar business to your own, or you’re looking to diversify your core offering, it’s almost guaranteed that whatever you find won’t be a perfect fit. When assessing a business beyond just its financials, it helps to break them into different archetypes. It’s a way to create a scorecard for each company and determine what’s missing from their operations so that we may make improvements. In this article, we explore the different archetypes we use to evaluate deals. These archetypes help us analyze businesses to determine whether they're a good deal or whether they should be disqualified outright.