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  • [G&A] Growth & Acquisitions: Can AI Be Conscious? Tech and Sustainability; Gary Vee on Growth; Cybersecurity; SCORE + Interviews with Joe Polish; Gordon Bizar; and more ...

[G&A] Growth & Acquisitions: Can AI Be Conscious? Tech and Sustainability; Gary Vee on Growth; Cybersecurity; SCORE + Interviews with Joe Polish; Gordon Bizar; and more ...

M&A + AI + Growth - We've Curated What’s Most Pertinent When You Want To Grow, Scale, Buy Or Sell Your First Or Your Next Business.

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In the News

The statistics on mergers and acquisitions can be shocking. By one count from Harvard Business School, companies spend over $2 trillion on acquisitions every year, but the M&A failure rate is 70% to 90%. How can all of these super-smart executives get it so horribly wrong? Again and again and again? Read more here…

A math association recently called on the United Nations to explore the concept of AI consciousness. And famed AI scientist Yoshua Bengio has co-written a paper on conscious AI. The excitement over the fast-developing field of generative AI has raised hopes that humans might make machines that can truly think for themselves despite a struggle to define the nature of consciousness. Read more here…

Recent developments in the business world highlight the essential connection between sustainability and technology in driving cost savings and brand innovation. A company, whose name remains undisclosed, has announced a cost-saving program that utilizes the power of its brands and their importance in consumers’ lives. The company also acknowledges that a significant part of its emissions originates from sourcing ingredients, packaging, and services. To address this, the company has initiated its Climate Action Plan. Read more here…

Personalization and AI are not just buzzwords. They are the key differentiators in today’s fast-paced and competitive business landscape. Businesses that want to gain an edge over their competitors and build loyal relationships with their customers need to focus on improving customer experiences. And nothing improves customer experiences more than personalization and AI. Read more here…

Disruptive technologies, such as mobility, cloud, IoT and AI, have fundamentally changed our lives. They have transformed how we live and work in ways we could have never imagined just a few years ago. While these technologies have yielded a great number of benefits to organizations, they have also changed how business is conducted and introduced a raft of new cyber risks. With everything now being online and data residing everywhere, cyber poses the biggest business risk to organizations. Read more here…

It's safe to say that no one can predict what the economy will look like over the next 12 months. Indeed, that uncertainty grows as we look further ahead. Today, running a business means searching for opportunities that are available now. To do that, you have to cover a lot of ground. While you can't anticipate every new development in every industry, you can focus on essential strategies. They can help you grow even in tumultuous markets, and you can group them into five categories. Read more here…

Hey, friends, we could use your help to grow The Hub - Main Street Weekly, and bring it to more people so we can continue to serve you and others. If you like something we shared this week, please share it on X (formerly known as Twitter) or LinkedIn and tag us when you do. Let’s get people talking.

In the Pods + Reviews

The Short Take: Gordon Bizar discusses asset-based lenders and how to effectively utilize their services. He explains the two sets of rules that asset-based lenders have for financing existing businesses and financing acquisitions.

Key Takeaways:

  1. Asset-based lenders have two sets of rules: one for financing existing businesses and another for financing acquisitions.

  2. The “skin in the game” rule requires buyers to have a personal investment in the acquisition to ensure their commitment and reduce the lender’s risk.

The Short Take:

Ronald Skelton interviews Betsy Dougert, the Vice President of External Relations for SCORE. They discuss SCORE, a nonprofit organization that provides free mentoring and low-cost education to entrepreneurs. She emphasizes that SCORE's mentoring services are completely free and confidential, thanks to their federal funding. Betsy also highlights the diverse expertise of SCORE's mentors and the wide range of resources available.

Key Takeaways:

  1. SCORE is a nonprofit organization that offers free mentoring and low-cost education to entrepreneurs.

  2. Their mentors have diverse backgrounds and expertise in various industries, providing guidance throughout the different stages of a business's life cycle.

The Short Take:

In this episode, Joe Polish and Dean Jackson discuss the concept of a “tool belt” for marketing. They explore the idea of having essential tools, strategies, and tactics that can be used daily, frequently, or on special occasions to maximize marketing effectiveness. They emphasize the importance of exploiting marketing ideas and models to achieve mastery and consistent results.

Key Takeaways:

  1. Utilize a “tool belt” approach to marketing, where you have essential tools, strategies, and tactics that can be used daily, frequently, or on special occasions.

  2. Exploit marketing ideas and models to achieve mastery and consistent results.

The Short Take:

Gary Vaynerchuk shares his insights on marketing strategies, content creation, and the importance of building a positive company culture. He emphasizes the need for businesses to focus on new customer acquisition and relevance in order to drive growth.

Key Takeaways:

  1. Squeeze every dollar of the marketing budget and make it work hard to acquire new customers and drive growth.

  2. Focus on relevance and create high-quality content at scale across multiple social media platforms.

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Founding Member Shout-Out

Shout out to our new founding member, with over 30 years in M&A, this company offers a Resource Center helping you buy good businesses. Very underpriced - get it now before they finish upgrading the site and very likely up the pricing. 

In the Knowledge 

The information in the following articles is important for any business, particularly for new acquisitions. Add them to your Knowledge Bank.

Does your organization’s martech stack resemble a disjointed patchwork of tools and platforms? This fragmentation will only create inefficiencies and hinder effective customer engagement. Let’s explore how integrating your martech platforms and tools can enhance your marketing strategy and drive meaningful business growth. Read more here…

Artificial intelligence (AI) – despite important consequences on job re-organization and potential replacement of some positions – will lead to the emergence of a range of new roles, outlines the newly released Future of Growth Report 2024. From an innovation growth point of view, it raises an increasingly important question: Where to find the talent needed in some of these fast-growing roles and avoid a scenario in which talent availability becomes a binding constraint for economic development and growth? Read more here…

Growth is a crucial element of running a successful business. Without it, you risk stagnating and falling behind your competitors, which can be a tricky hill to climb once they are out of sight. Every business owner should strive to maximize growth, but it isn’t always obvious how to achieve this. Even when you think you know what to do, the market and your customers may not adhere to your plans, which can cause significant problems later on. Read more here…

Hey, friends, we could use your help to grow “Growth & Acquisitions” and bring it to more people so we can continue to serve you and others. If you like something we shared this week, please share it on X (formerly known as Twitter) or LinkedIn and tag us when you do. Let’s get people talking.

In the BIG Guys Corner … (middle market and above) 

Burger King announced Tuesday it will acquire Carrols Restaurant Group—its largest franchisee—for roughly $1 billion. The chain described the transaction as a way to “significantly accelerate” its $400 Reclaim the Flame comeback plan. Carrols owns 1,022 Burger King stores in 23 states, which earned a combined $1.8 billion in systemwide sales during the 12 months ending September 30. Carrols also operates 60 Popeyes units in six states. Read more here…

Enjoyed this edition? Don’t keep it to yourself. Share with your friends so they can enjoy it too.

In the Sosh … who to follow this week

I want to help you reach your "Wouldn't Go Back" moment.

What’s that? It’s when you're going through a big change in work, discover a great new opportunity, and say, “I wouldn’t want to go back to a time before I had this.”

I've studied how the most adaptable people get there. Now I help others get there too — building careers or companies they love.

Connect with him on LinkedIn.

In the calendar … 

A twice-monthly networking meeting where acquisitions entrepreneurs come together online to build teams, share ideas and resources, and help each other succeed. The first and Third Tuesday of each month. Check it out...

M&A SOUTH is the premier networking event in the South for participants in all facets of corporate growth and Middle Market deal-making. 

This LIVE event presents the opportunity for intermediaries, corporate development officers, accountants, lawyers, senior lenders, and other deal makers to meet and greet with top private equity and mezzanine capital providers. Check it out…

MIT ETA Conference (Feb 16) - Cambridge, MA

Get ready to dive into a day full of engaging presentations and interactive sessions covering a wide range of topics such as value creation with AI, ETA to reduce the racial wealth gap, and more. Whether you're an aspiring searcher, currently in the environment, or just exploring, there's something for everyone at the ETA Conference.Wharton ETA Club (Spring 2024) - Philadelphia, PA

Presented by MASource.org. Check it out.

Capital Camp is an upcoming event scheduled for May 21-23, 2024, in Columbia, Missouri. The event is described as a gathering for "curious, kind, and thoughtful investors, capital providers, entrepreneurs, and executives" who are pushing boundaries and breaking new ground.

The event spans three days and three nights, offering serious investing conversations in a relaxed setting—think shorts and sandals rather than suits and ties. Attendees can expect interactive programming, a variety of outdoor activities, and an endless supply of food, drink, and entertainment.

The event has received high praise from past attendees, with many describing it as the most valuable and best investing conference they've ever attended. Check it out…

AI & Big Data Expo North America – Conference & Exhibition June 5-6 - SANTA CLARA CONVENTION CENTER, CA

Discovering the intelligent future through AI & Big Data. AI & Big Data Expo is the leading event for Enterprise AI, Machine Learning, Security, Ethical AI, Deep Learning, Data Ecosystems, and NLP. Check it out…

Through a dynamic mix of lectures, case studies, class discussions, hands-on learning, and visits from guest speakers, this program provides critical insights and powerful tools for the successful formulation and execution of an M&A strategy — one that creates true value for your organization. Check it out…

The Kayo Women’s M&A Summit unites 300 women leaders in mergers & acquisitions, private equity deal-making and capital markets. Over the course of two days, attendees can expect to generate deal opportunities through peer-to-peer networking, educational content, and a supportive community atmosphere in the private equity hub of Boston. Check it out…

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Connect with Gia Cilento - Editor & Co-Founder — LinkedIn X (Twitter)

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