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
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