Double The Size Of Your Business In One Transaction (Double Revenue In 1 Year)

You could continue to grow your business organically, as you’ve probably done so far to date. But if you want to speed the process up, all you have to do is to find a competitor who wants to sell.

The easiest way to double the size of your business in one transaction, is to buy another existing business of a similar size to your current company. If you buy a business, you instantly add customers, sales and profits to your business, almost overnight.

Buying a business is easier than you think, once you understand the process, and you can even get the business you want to buy, to pay for itself too.

What that means is you don’t have to use your own money to pay for it, or use the money in your company’s bank account to fund the acquisition.

If you want to learn about how this works, you you can read more on this article, which also has a video too: How You Buy a Business Where It Pays For Itself.

By the way, the company you buy, be it a competitor, a complimentary business or a business in your supply chain or in your distribution chain, could even be bigger than your current business.

It doesn’t have to be a smaller or the same size as your current business.

If that were the case, and you buy a business that is bigger than your existing business, you could more than double your sales and profits overnight, in one transaction.

How can I increase the size of my business?

It may be worth looking at your supplier list, and see if any of these could fit nicely as part of your business, especially if they are one of your larger suppliers.

If you are a manufacturer, do you supply to any large distributors you could buy?

Or do any of your customers install what you manufacture, if the do, you could buy one of these businesses.

When was the last time you looked at your competitors in your area? Would it be worth taking a closer look perhaps?

It maybe that the owner of one of your competitors is looking to retire. It might be they don’t have anyone in their family to takeover the running of their business either.

A quick check in the right place, will give you the contact information you need to reveal the owner’s age, and whether they maybe nearing retirement.

A letter from you to show your interest in their business might be all it takes. They may already be considering selling up, but they might be nervous about marketing their business for sale, for fear of their competitors (you included) becoming aware of the sale, or of their employees finding out too.

It could be as simple as one letter, or one phone call if you already know the owner, to find a business to buy that could at least double the size of your business overnight.

This may interest you, but you may have questions.

Questions about how you double the size of your business

One question you might have, is how you manage the jump in size from your current business to a much larger concern. Which is a good question.

The way this is achieved is to make sure the business you buy comes with its own employees who already manage the business you want to buy.

What if the business isn’t making profits? Another good question.

If the business isn’t making profits, I suggest you don’t buy it, unless:

• You know why the business is making a loss;
• You know how to fix the problem, and;
• You have the money to fund the losses, until the losses are converted into profits.

The final question you may have is; what if you don’t have the money to buy another business. Another good question, and one that is what holds most people back from buying a business.

As mentioned earlier, you can get the business you are buying to pay for itself, so you don’t need to have much money to buy another business. All you need is to know how seller financing works.

If you have any other questions on this topic about buying a business, or on any other aspect about the process involved in buying a business, please drop a comment below.

And always remember that no question is a stupid question, if you don’t know it, you don’t know it, and by having the answer to a question you have, might be all it takes to move to the very next step in your journey to buy a business.