Ep. 5 - Organizational Growth - Organic vs. Acquisition - Part 1

Expanding your locksmith business? Three industry veterans weigh in on the age-old debate: acquisition vs. organic growth.

Acquisition: Snag a ready-made customer base and experienced staff. But be prepared for integration headaches and potential financial risks.

Organic Growth:  Control your own destiny by building from within. Invest in sales, marketing, and top-notch technicians. Slower, but steadier.

Which path is right for you?

Consider these factors:

• Risk appetite: Acquisitions can be a gamble.

• Financial resources: Organic growth requires consistent investment.

• Management style: Can you handle a sudden influx of new staff and processes?

Key takeaways:

• Plan strategically, no matter which route you choose.

• Know your market and its growth potential.

• Build a strong team and culture.

Whether you're buying up the competition or building your empire brick by brick, focus on customer satisfaction and adapt to the ever-changing market.

Website: https://unlockedpodcast.com

Watch: https://www.youtube.com/@UnlockedPodcast-w7c

Apple Podcast: https://podcasts.apple.com/us/podcast/unlocked-podcast/id1774331694

Spotify: https://open.spotify.com/show/3dYy1AHnGIjIsyHPixeE0e