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  • [G&A] Growth & Acquisitions: Carl Allen: Buy A Business With No Money, Acquisition for Growth, Unlock Potential of AI, Buy a $2.5m Home Care Business, SMS Marketing, AI For Future Growth +++ (1)

[G&A] Growth & Acquisitions: Carl Allen: Buy A Business With No Money, Acquisition for Growth, Unlock Potential of AI, Buy a $2.5m Home Care Business, SMS Marketing, AI For Future Growth +++ (1)

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.

We do the research and curate what’s most pertinent when you want to grow, scale, buy or sell your first or your next business. 

Upgrade to our exclusive private tier and gain private access to proprietary resources from our contributing experts. You’ll automatically become part of our private tribe and achieve access to chat with us and other users.

In the News

All corporate leaders want to grow their businesses. Many see organic growth — or internal growth — as the only way to drive businesses. But they should also plan for inorganic growth — mergers and acquisitions — as that can sometimes be a faster and more practical path. Read more here…

Adopting the right cloud tools has become critical for growing companies, ranging from nimble startups to established industry giants. Around 94% of all companies globally use cloud software currently, according to a report from Colorlib. That is a 14% increase since 2020, suggesting that the pivot to remote working during the pandemic accelerated the adoption rate of cloud technologies. Read more here…

A chief executive of a major business has urged brokers and business owners to use their profits to make a positive impact on the world. Simon Griffiths – the CEO and co-founder of sustainable toilet paper and paper towel company Who Gives a Crap – has suggested that business owners who create companies that do good ultimately thrive. Read more here…

Interest in entrepreneurship is at an all-time high. Data shows Gen X-ers’ share of 46% of all small businesses is set to grow over the next decade, while 93% of all Gen Zers have taken steps toward business ownership, indicating that entrepreneurship is set to explode once again. 

With traditional approaches to entrepreneurship now falling short, a change of paradigm is essential. This is where the relatively recent concept of Entrepreneurship Through Acquisition (ETA) comes into play,  especially among mid-career professionals as they stand to benefit the most from current demographic trends. Read more here…

Big data and artificial intelligence (AI) technologies are fundamentally transforming business. By unlocking value from data to understand customers and markets better than ever before, data-driven AI solutions provide companies with unprecedented opportunities to optimize operations, delight customers, and accelerate growth. Read more here…

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These are but three of the many questions we will explore in this exciting new podcast series, Compliance and AI. Hosted by Tom Fox, the award-winning Voice of Compliance, this podcast will look at how AI will impact compliance programs into the next decade and beyond. If you want to find out why the future is now, join Tom Fox on this journey to the frontiers of AI. Today, Tom hosts Ernesto Gerardo at an upcoming business and AI summit he is hosting in Dallas, TX, on February 17. 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: Scott McKenna shares his journey of purchasing and selling a bakery and coffee shop. He discusses the challenges he faced, the mistakes he made, and the lessons he learned along the way.

Key Takeaways:

  1. Full buy-in from your spouse or partner is crucial when investing in a business, as it can impact both personal and professional life.

  2. Staff changes are common when purchasing a business, and it is important to be prepared for turnover and potential resistance to change.

The Short Take: John Morris shares his journey from college baseball to becoming a successful business owner. He discusses his goal of owning his own business before the age of 30 and how he learned the skill of buying existing businesses instead of starting from scratch. John emphasizes the importance of buying bigger than you think you can and the challenges and trade-offs of business ownership.

Key Takeaways:

  1. Setting goals and having a clear vision of what you want to achieve is crucial in entrepreneurship.

  2. Buying an existing business can be more advantageous than starting from scratch, as it allows for quicker growth and scalability.

The Short Take: Boris Berenberg, the founder of Atlas Authority, shares his journey from working as an IT admin to starting his own company then selling it. He also talks about the importance of aligning with the right people and understanding the political dynamics within organizations. Boris shares valuable insights on pricing strategies, customer relationships, and the process of scaling a business.

Key Takeaways:

  1. Building a successful business requires aligning with the right people and understanding the political dynamics within organizations.

  2. Pricing strategies should be carefully considered to ensure profitability and sustainability.

The Short Take: Adrian takes the audience on a deep dive into the world of artificial intelligence (AI) and chat GPT, discussing how entrepreneurs can leverage these technologies to build their brand, enhance their social media presence, streamline their business operations, and increase their profits.

Key Takeaways:

  1. AI and chat GPT are revolutionizing the business world, and entrepreneurs must embrace these technologies to stay competitive.

  2. AI has already permeated various industries, including customer support, content generation, language translation, personal assistance, education, healthcare, legal compliance, creativity, market research, and more.

The Short Take: Matt Raad discusses his journey into the world of buying and selling websites and shares his expertise in building passive income through online businesses. He emphasizes the importance of learning the basics of website development and due diligence, as well as the potential for success in niche markets.

Key Takeaways:

  1. Learning the basics of website development and website due diligence is crucial for success in the online business space.

  2. Niche markets, such as pet care, survivalist, and crafting, offer excellent opportunities for building profitable websites.

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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.

Uncertainty has been one of the key markers of the business landscape in 2023. Two of the biggest contributors to this general sense of insecurity concerning economic performance have been the potential for inflation and how interest rates are being used to mitigate that risk.

The macroeconomic considerations may seem far removed from reality as a small-business owner, but they can have a significant influence on company performance. To prepare and protect themselves in 2024, here are eight steps that entrepreneurs can consider. 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) 

Owens Corning, a building and construction materials company based in Toledo, Ohio, as agreed to acquire the door manufacturer in a $3.9 billion deal, the companies announced Friday.

Owens will acquire all outstanding shares at $133 a share in cash, according to a news release, which represents a 38% premium to Masonite’s closing share price on Thursday. The deal could close as early as midyear, the release said, but is subject to shareholder and regulatory approval. 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

Driving ROI and digital innovation, I am the go-to expert for C-suite executives seeking impactful marketing strategies. As a Senior Digital Growth & Social Media Marketing Leader, my dynamic, agile approach and entrepreneurial spirit fuel my leadership in guiding cross-functional teams and forging strong agency partnerships. With a rich background in both B2B and B2C marketing, my expertise spans social media, content marketing, demand generation, and partner alliance marketing, supported by a proficiency in leading tools. Bilingual in English and Spanish, I leverage multicultural insights to address diverse market needs. As a best-selling author and speaker, my communication skills enhance brand representation and growth initiatives, especially in the tech and SaaS sectors.

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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