Buying A Business vs Organic Growth

Welcome to episode 117 of The Numbers Game. Today, we're discussing the pros and cons of buying a business versus organic growth. Using the case study of Kelly Partners, an Australian firm with 83 acquisitions to its name, we explore in detail both strategies.On this episode, we discuss:Analysis of the strategy of buying a business versus growing organically, with reference to Kelly Partners' growth strategy.Pros and cons of buying a business, including rapid growth, established customer base, high costs, and potential cultural clashes.Pros and cons of organic growth, such as greater control, lower costs, slower growth, and higher risk.The crucial role of a clear growth strategy and understanding the market.Importance of due diligence, change management, and understanding the culture, staff, and existing directors when acquiring a business.Comparison of costs and factors to consider when buying a business versus growing organically.Insights on starting a business from scratch, including control, investment costs, flexibility, risks, and time and effort required.The benefits of leaving the existing owner in the business and having cash flow reserves.Importance of mentors and learning from the experiences of others.Check out the free resources from Inovayt here.Send us an email: hello@thenumbersgamepodcast.com.auThe Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:<br />Nick Reilly<br />Jason Robinson<br />Martin VidakovicThis podcast is produced by VIDPOD.