McWizzard
join:2001-06-01
Plymouth, MI
| Re: Buying competitor's company I've got a couple of my own questions, if you don't mind.
1) The first thing that jumps out at me is why is he/she selling their business? If he doesn't have positive cash flow with 70 accounts, how does that help you?
2) You stated that the competitor started a few months before you, but has 7x the number of accounts you have. What has he/she done to grow their business that much faster than yours?
3) Something to consider. If your competitor is interested in selling, they might not be making any money. If that's the case, it's possible if you do nothing but continue to grow your business and provide better service/support - you may get those 70 accounts for a lot less than buying his business.
Keep us posted |
