Most company founders didn’t start a business to stay small. So assuming that you that founded your business with the intention of growing it, when you look at your growth plan one question you may not be asking yourself is, “What business can I go out and buy?”
There are a number of reasons entrepreneurs fail to ask that question. You may think of your business as your “baby,” and the idea of buying someone else’s business is like adopting a kid you don’t even know. You may think you can’t finance an acquisition. Or you may think acquisitions are for the big players and their strategies don’t apply to you.