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Strategies for Strategic Business Growth and Acquisitions
Different paths for business growth include acquiring talent, buying traffic, vertical integration, and targeting fragmented industries. Highly fragmented industries are attractive for private equity investment. When considering acquisitions, focus on areas where you lack expertise to complement your existing business. Start thinking about strategic acquisitions once your business is making at least $5 million in profit. Acquisitions like high traffic websites, businesses with strong distribution channels, or skilled teams can significantly boost profits and lead to a nine-figure business valuation.