Moving and shaking starts with a checklist.
Growth by acquiring or forming other companies can be a great way to see immediate growth, if it’s planned and executed well.
This is “big risk, big reward” territory.
In terms of trails, it’s the skinny little goat trail with a thousand-foot drop and loose rocks, but at the end is the most spectacular summit you could ever imagine.
Here’s the trailhead:
Begin by making a list of all of your biggest suppliers (including your landlord). Then make a list of all of your best customers.
Identify the businesses on each list that are most realistic to buy, or start a competing business.
You can do an online search for businesses for sale as well. People buy and sell businesses every day on sites like BizBuySell.com. Then it can become a new suppliers or customer for the business that you have now.
Give it some thought!
Onward and upward,Simon Trask
(I’m a small business owner, advisor, and advocate – learn more here)
Simon is author and founder of Profit Hiker: 11 Trails to gain lasting elevation in your business. Find the book right here and the program over there.
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