• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Promotivia

Ideas. Innovation. Excellence.

  • Home
  • Topics
    • Construction
    • Education
    • Family
    • Furniture
    • Health
    • Pet Care
    • Swimming Pool
    • Technology
  • Ask a Question
  • Contact Us

Buying a Competitor May Be Better Than Waiting Them Out

Last updated on October 17, 2011 by Sozo Staff Leave a Comment

During the process of observing the closing of a competing business, the temptation arises to watch them die slowly while picking up pieces and adding them to an existing company. This approach is detrimental to the closing company and the thriving business for many reasons. It may actually cost more in the end than outright just purchasing the struggling competitor.

The owner of the floundering business is hoping for an investor to take the burden from his hands. Becoming that investor could boost an established business through new assets and cash flow. The purchase could also keep these assets out of the hands of a potential threat. An investor who is new to the game may very well bring that company from its knees to its feet fast. Now there is stronger competition where there could have been a merger.

The opportunity to buy a competitor should only become an option if it will benefit a current business. After all, competition is profitable in a consumer society. If the established business would benefit from the competition of another flourishing business, then buy a piece or two but not the whole thing. Merging with a floundering company is risky at best, but the alternative also ensures risk. Assessing current business stability and carefully researching the business in question are key actions in the choice to buy or wait.

Consultation with an industry specialized transaction advisor will help any business owner make the profitable decision. The Tenney Group is an established transportation industry sales company waiting to help make those decisions easier.

Filed Under: Business Tips, Transportation

Additional Articles

semi truck parked for unloading
What To Do When a Transportation Business Owner Dies
Keeping Germs at Bay in Your Child Care Center, Part 2
Keeping Germs at Bay in Your Child Care Center, Part 1
ambulance rushing off to emergency
Value Drivers When Selling a Medical Transportation Business
gymnastics teacher instructing young girl student
Building Your Business: Networking, Part 4

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

17 − two =

Primary Sidebar

Swimming pools

Popular Articles

  • Expandable Children's Furniture at The Bedroom Source
  • African Mahogany Lumber vs Genuine Mahogany Lumber
  • The City Way: Taking Your Child’s Bed to the Next Level with Maxtrix!
  • Perfect Furniture for a Boy's Bedroom, Pt 1
  • Perfect Furniture for a Boy's Bedroom, Pt 2
  • How Do You Treat Reactive Attachment Disorder?
  • Ultra-Budget-Friendly Swimming Pool Upgrades
  • Why Sleep Is Important for Young Athletes
  • Why Parents Love Jackrabbit Class Management Software
  • Septic System Pumping in Mooresville, North Carolina
Swimming pools

Recent Articles

  • High End Furniture Store Serving Westchester County, NY for 25 Years
  • Ipe Lumber – A Quick Wood Species Overview
  • Kids & Teen Specialty Furniture Store in Nassau County, NY
  • High-End Furniture Showroom in Westchester County, NY
  • Growing Up with Maxtrix Kids Furniture
  • Septic System Pumping – Mooresville, North Carolina
  • Keeping Germs at Bay in Your Child Care Center, Part 2
  • Keeping Germs at Bay in Your Child Care Center, Part 1
  • Keys to Successfully Dealing with Frustrated Parents at the Daycare
  • Foot Health for Dancers: What the Experts Say, Part 2
Home automation with X10

Recent Comments

  • DSP on Pool Maintenance Tips for Salt Water Pools, Part 1
  • Zachary Tomlinson on Amazing Benefits of Pool Ownership, Part 1
  • Zachary Tomlinson on 3 Types of Pool Covers, 3 Distinct Purposes
  • Afton Jackson on Bathroom Remodeling Ideas: Can You Use Wood in the Bathroom?
  • Alice Carroll on 4 Types of Vinyl Pool Liners
  • Afton Jackson on So You’re Adding an In-Ground Swimming Pool? Here’s What You Can Expect
Swimming pools

Copyright © 2023 Sozo Firm Inc · Privacy Policy · Disclaimer · Sitemap