Ep 6 - Unlocked Podcast: Organic Growth vs. Acquisition - Part 2

Ready for a business growth battle royale? On this episode of Unlocked, Tony, Chad, and Lars go head-to-head, debating the merits of organic growth versus acquisition.

These locksmith business owners hold nothing back as they share their own war stories from the trenches. Lars spills the tea on a disastrous acquisition ("It was bad from the beginning, and it just got worse all the way through!") and a triumphant one that doubled their revenue. Chad reveals his "softly-softly" approach to organic growth (and gets hilariously roasted by Tony in the process).

Key takeaways:

• Acquisitions can catapult your growth but require meticulous planning and integration.  Think merging company cultures, managing staff transitions, and navigating the complexities of bringing two businesses together.

• Organic growth offers a more measured approach, allowing you to scale gradually and maintain control. But beware, it can be slower and may require more patience.

• Geographic expansion often favors the acquisition route.  Acquiring an existing business in a new location gives you an instant foothold in the market.

• Building a strong company culture is paramount, no matter your growth strategy.  As Lars puts it, "You gotta build a Mason team!"

Whether you're Team Organic or Team Acquisition, this episode of Unlocked will leave you with valuable insights and a few good laughs along the way.

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