5 Bold Moves for Acquiring Growth

I have a question for you. Is it possible to "buy or acquire growth?"

The answer is absolutely... and when it's done effectively, it can be like adding rocket fuel to your growth.

Let’s get one thing straight: buying a business is just the first step. The magic happens when you take that acquired business and align it with strategies that drive serious growth.

Whether you’re a seasoned pro or just getting started, these best practices will turn your acquisition into a powerhouse of revenue and success. Ready...? Let’s go!

#1: Preserve the Legacy, Don’t Wipe It Out

When you buy a business, you’re not just acquiring numbers on a spreadsheet, you’re getting the people, culture, and history. So, don’t bulldoze the legacy that’s been built. Employees and customers will notice, and trust me, that matters.

The goal is to respect the foundation and build on top of it. Keep key staff, embrace the culture, and you’ll create loyalty that drives long-term success. It’s all about adding value, not erasing what’s already working.

#2: Specialize - Don’t Try to Be Everywhere

One of the biggest mistakes people make is trying to do it all. Don’t be that person when it comes to acquiring growth.

Specializing in a particular market or niche allows you to dig deep and become the expert. Whether it’s geography, industry or products/services, narrow your focus. The more you specialize, the more you’ll dominate that space.

Master one market before you expand into others, and you’ll grow faster than trying to juggle multiple projects across different regions or sectors.

#3: Systemize and Watch Revenue Soar

Here’s the deal: if the business you’re buying doesn’t have solid systems in place, you just found your golden opportunity. Implement CRM systems, standard operating procedures (SOPs), and start tracking sales data to identify where the easy wins are.

When you take control of operations and put efficient systems in place, revenue growth follows. The right systems will unlock hidden potential and drive the business to new levels.

#4: De-Risk, De-Risk, De-Risk!

The moment you acquire a business, your first task is to identify and minimize risks.

Maybe the company is dependent on one big client, or maybe its processes are outdated. Whatever the case, you’ve got to get in there, find the vulnerabilities, and start patching them up. That’s how you protect your investment and ensure long-term stability.

Whether it’s vendor relationships, customer concentration, or operational risks, de-risking should be a top priority.

#5: Recruit Talent and Empower the Team

Growth comes down to the people running the show.

You’ve got to bring in fresh talent that aligns with your vision while also empowering the existing team. Employees who’ve been with the company for years have valuable knowledge that can help you hit the ground running. But at the same time, you’ll need to bring in new operators who can push the business forward.

Find that balance, and you’ll have a team that’s motivated, skilled, and ready to double your revenue in no time.

The Bottom Line

Buying a business isn’t just a financial transaction, it’s a growth play.

The key to success is respecting what’s already working, focusing on a specific market, implementing systems, de-risking operations, and recruiting the right talent.

Do it right, and you’ll transform that acquisition into a high-performing machine.

Ready to crush it? Let’s get to work! 👊

Chris