Stefan Töpfer
CEO & Chairman of WinWeb
Email Me
I'm passionate about very small business, it's positive impact on personal lives and for local communities. Reducing small business failure is my aim and
that of WinWeb's services.







Subscribe


Email notification,
enter your email address below



Is your competitor for sale?




One 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;
        2. Employees from your competitor apply for a job with your business;
        3. Competitors loosing the plot, i.e. unrealistically low prices;
        4. Court judgements against your competitor or disgruntled suppliers;
        5. Partners and directors resigning or leaving the business.

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.

« Mass Media Advertising and Small Business
What is your small business resolution for the new year? »



This entry was posted on Tuesday, January 8th, 2008 at 4:49 pm and is filed under grow your business, avoid growing pain. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

| Trackback | Share This

One Response to “Is your competitor for sale?”

  1. THE SMALL BUSINESS BLOG » Blog Archive » Are you a megalomaniac small business owner?
    http://www.sme-blog.com/how-to/bootstrap/are-you-a-megalomaniac-small-business-owner

    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 - […]

Leave a Reply

*
Please enter the anti-spam text shown in the picture.

Anti-Spam Image
Close
E-mail It