In this video, Jessica Fialkovich, President of Transworld Business Advisors - Rocky Mountain, discusses the pros and cons of the organic growth of a company at a Denver Metro Chamber of Commerce Gold Program on the topic of Growth Through Acquisition.
The pros of organic growth are that as a business owner you have more control over the growth and you get a sense of accomplishment from growing your business from scratch. The cons of organic business growth are the fact that it can be quite slow and will likely cost more capital than if you acquired a business to add to your current operation.
To bring clarity to the pros and cons of organic growth, Jessica brings into the conversation a Detroit sign company that eventually sells to one of the few other sign companies in Detroit and the winning bidder became a $10 million dollar company over night, allowing them to compete at a much higher level than the other sign companies, that are now much smaller than them.
Doug Freyschlag, Director of Forbes M&A, adds to the presentation by discussing that organic growth, to some degree, is always part of a company's business plan. But if a company wants to break into a new industry or add new technologies to their business, acquisition is the best way to complete this and is a better risk than trying to grow in the open market.
For more information on growth through acquisition or to speak to a broker about buying a business visit Transworld - Rocky Mountain's website at www.tworlddenver.com.
The Pros and Cons of Organic Growth (Jessica Fialkovich) manchester united | |
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| Education | Upload TimePublished on 27 Feb 2018 |
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