Billionaire Growth Strategies
To Grow Fast Should You Build or Buy?
Whenever the topic of small business growth strategies comes up, there’s one that’s almost never remembered. I refer to growth via acquisitions, or as it’s sometimes called “inorganic growth.” Practically everyone’s thinking is limited to so-called “organic growth.” So let’s take a look at these two basic growth strategies and consider their pluses and minuses.
Growth via Acquisitions in Europe
Here’s a good little read on a French immigrant who went from rags to riches. Mohed Altrad was born into a Bedoiun tribe in Syria over five decades ago. However, he still doesn’t know his actual birth date because such groups don’t keep records. This forced him to pull a birthday out of hat to meet French requirements.
So what’s the best way to get rich in America? The answer is the same one as always.
Own your own business.
You can do this by starting one from scratch and growing it or buying one–or a few.
Here is hard data from the IRS backing this:
The Profit’s Progress Report After Two Seasons
Some people might not do a progress report in the hopes that we don’t remember their failures. Not Marcus. He’s equally open about both failures and successes. As a result this turned out to be an enjoyable episode to watch especially because I got too see how some of my favorites were doing a year after The Lemonis Intervention. Hopefully at some point next year he will do a progress report on the businesses in the most recent episode such as Shuler’s B-B-Q, Coopersburg Sports, Simple Greek, Artistic Stitch, and Courage-b.
Marcus and Simple Greek (formerly My Big Fat Greek Gyro)
This was another good episode from a business lessons standpoint. Basically everything that could go wrong had gone wrong by the time Marcus arrived. My only complaint as usual is that the 42 minute show limitation left a great deal on the cutting room floor.
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