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The Agency Profit Podcast
Growing Your Agency Through Acquisition, With Chris Moore
Oct 18, 2023
Entrepreneur and business growth specialist, Chris Moore, discusses the benefits and strategies of growing agencies through acquisition, including financing options, common mistakes to avoid, and the opportunity presented by retiring business owners. He emphasizes the importance of multiple income streams, team building, and exploring off-market acquisitions.
24:46
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Quick takeaways
- Defining the desired outcome and understanding deal structures and financing options are crucial for a successful acquisition process.
- Seeking guidance from an experienced advisor can greatly improve the chances of success and provide invaluable support throughout the acquisition process.
Deep dives
Key Principle: Define Success and Prepare in Advance
One key principle to ensure a successful acquisition is to define what success looks like for the deal. It is important to have a clear understanding of the desired outcome and identify the most suitable deal structure and financing options available. This preparation and understanding will help avoid wasting time and ensure a smoother process.
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