Should You Grow by Buying Another Business?
eComFuel Podcast15 Apr 2022

Should You Grow by Buying Another Business?

Many of us have been in the position where we have an interesting opportunity in front of us to purchase another eCommerce business - maybe it has a complementary product line or it would make a good strategic addition to your existing business - and we're on the fence about whether we should actually pull the trigger. In this solo episode, I'm sharing the top things you should consider before committing the time, effort, and money that it takes to follow through on such a huge decision, all based on my own experience closing deals.

Listen in as I dive into what you need to consider before buying that shiny new object, including whether you have the skills to diligence the deal well and the time to follow through on the deal. (Spoiler alert: It will take longer to close than you think it will!) I also discuss the financial aspects to consider, how to identify the micro and macro leverage you might have to move the deal in your favor, and why sometimes the better decision is to put a little TLC into your existing business rather than spread your energy (and capital) too thin.

You can find show notes and more information by clicking here: https://bit.ly/3EbudEY

Interested in our Private Community for 7-Figure Store Owners? Learn more here.

Want to hear about new episodes and eCommerce news round-ups? Subscribe via email.

Avsnitt(639)

Website Changes That Increased Steve Chou's Sales by 25%

Website Changes That Increased Steve Chou's Sales by 25%

What if the fastest way to grow your eCommerce business isn't working harder, but using AI more strategically? In this episode, Steve Chou shares how he's applying AI tools to increase traffic, optimi...

6 Mars 48min

Evolve Your Financial Habits - Financial Mastery Pillar #7

Evolve Your Financial Habits - Financial Mastery Pillar #7

What if the habits that helped you build success are now the very things holding you back? Today, I explain how your attitude toward money is shaped far more by your early experiences than by how much...

27 Feb 24min

Earn Your Freedom, Choose Your Work: Reaching Financial Freedom & Crafting a Business You Love

Earn Your Freedom, Choose Your Work: Reaching Financial Freedom & Crafting a Business You Love

What's the point of building wealth if you don't use it to design a life you actually want? In part 6 of the Financial Mastery Series, I talk about what happens after you've done the hard work. You've...

20 Feb 31min

Invest Outside Your Business - Financial Mastery Commandment #5

Invest Outside Your Business - Financial Mastery Commandment #5

Most entrepreneurs pour everything back into their business, but at some point, that strategy quietly becomes a liability. Today, I'm breaking down why pulling capital out of your company is essential...

13 Feb 28min

Avoiding Dangerous Debt Mistakes & Borrowing Wisely - Financial Mastery Series Part 4

Avoiding Dangerous Debt Mistakes & Borrowing Wisely - Financial Mastery Series Part 4

Debt can either accelerate your growth or quietly destroy everything you've built. In this episode, I'm joined by longtime friend of the show Bill D'Alessandro to break down Commandment #4 of the Fina...

6 Feb 43min

Optimizing Your Three Most Powerful Profit Levers - Financial Mastery Commandment # 3

Optimizing Your Three Most Powerful Profit Levers - Financial Mastery Commandment # 3

What would happen if you woke up tomorrow and were suddenly taxed an extra 33% on every dollar of profit your business produced? In this episode, I break down why that scenario isn't far off from what...

30 Jan 24min

What Your Financial Statements Aren't Telling You: Commandment #2 - Master Your Financial Statements

What Your Financial Statements Aren't Telling You: Commandment #2 - Master Your Financial Statements

Why do so many profitable eCommerce businesses still run out of cash or even fail outright? In this episode, I'm continuing my financial mastery series by breaking down what I consider the second core...

23 Jan 30min

Your Money, Your Responsibility - Financial Mastery Commandment #1

Your Money, Your Responsibility - Financial Mastery Commandment #1

What happens when you outsource your financial understanding just a little too much? In this episode, I'm kicking off an eight-part series on financial mastery for store owners by diving into what I b...

16 Jan 26min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-svart-marknad
rss-jossan-nina
rss-borsens-finest
svd-tech-brief
uppgang-och-fall
bathina-en-podcast
badfluence
lastbilspodden
rss-inga-dumma-fragor-om-pengar
avanzapodden
fill-or-kill
tabberaset
rss-dagen-med-di
rss-veckans-trade
dynastin
24fragor
rikatillsammans-om-privatekonomi-rikedom-i-livet
kapitalet-en-podd-om-ekonomi