eCommerce Fuel

Should You Grow by Buying Another Business?


Listen Later

Many of us have been in the position where we have an interesting opportunity in front of us to purchase another eCommerce business - maybe it has a complementary product line or it would make a good strategic addition to your existing business - and we’re on the fence about whether we should actually pull the trigger. In this solo episode, I’m sharing the top things you should consider before committing the time, effort, and money that it takes to follow through on such a huge decision, all based on my own experience closing deals.

Listen in as I dive into what you need to consider before buying that shiny new object, including whether you have the skills to diligence the deal well and the time to follow through on the deal. (Spoiler alert: It will take longer to close than you think it will!) I also discuss the financial aspects to consider, how to identify the micro and macro leverage you might have to move the deal in your favor, and why sometimes the better decision is to put a little TLC into your existing business rather than spread your energy (and capital) too thin.

You can find show notes and more information by clicking here: https://bit.ly/3EbudEY

Interested in our Private Community for 7-Figure Store Owners?  Learn more here.  

Want to hear about new episodes and eCommerce news round-ups?  Subscribe via email.

...more
View all episodesView all episodes
Download on the App Store

eCommerce FuelBy Andrew Youderian | e-Commerce Entrepreneur

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

310 ratings


More shows like eCommerce Fuel

View all
Niche Pursuits Podcast: Find Your Next "Niche" Business Idea! by Spencer Haws: NichePursuits.com

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea!

194 Listeners

Entrepreneurs on Fire by John Lee Dumas of EOFire

Entrepreneurs on Fire

3,837 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,590 Listeners

Shopify Masters by Shopify

Shopify Masters

374 Listeners

The Foundr Podcast with Nathan Chan by Foundr Media

The Foundr Podcast with Nathan Chan

571 Listeners

The Ecomcrew Ecommerce Podcast by Mike Jackness and Dave Bryant | eCommerce, Shopify, and Amazon FBA Experts

The Ecomcrew Ecommerce Podcast

298 Listeners

Ecommerce Playbook: Numbers, Struggles & Growth by The Ecommerce Playbook

Ecommerce Playbook: Numbers, Struggles & Growth

70 Listeners

Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

Marketing School - Digital Marketing and Online Marketing Tips

1,253 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,319 Listeners

My First Million by Hubspot Media

My First Million

2,599 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

242 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

351 Listeners

OPERATORS by OPERATORS

OPERATORS

44 Listeners

The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs by Chris Koerner

The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs

115 Listeners

Moneywise by Hampton

Moneywise

645 Listeners