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Is your competitor for sale?by Stefan Töpfer on Jan 08, 2008One way to grow your small business is to buy another business and merge the two together. When the going gets though, i.e. a recession – many of the non-bootstrapping businesses will be for sale or in trouble. This is the time for you to sharpen your bootstrapping pencil and think about opportunities that present themselves. If you do not know what to look for here are some pointers: 1. Customers complain about your competitor; Be aware of potential pitfalls, especially if you have never done this sort of thing before. Get your accountant to help you evaluate the competitor and then make a move. Don’t loose your business focus, however tempting the opportunity. It is easy to damage your business with an uncontrollable acquisition. ST. 
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Said on January 9th, 2008 at 12:20 pm
[...] had many emails regarding my post “Is your competitor for sale?”, the responses show me that some of you certainly have a healthy megalomaniac instinct – [...]