Business experiment based on an assumption?
So i am thinking about testing an idea i have been floating around in my head, the idea goes as follows:
My intention is to grow a business through acquisitions but first i would like to determine whether it is financially viable, or if it would be better to just hire a certain amount of people to do the same job. The job in question at this point gives no context to the problem so here is a thought experiment: imagine you have a need for 2 things, would you go with option A and hire the required services from 2 different companies, or option B: find a company that can do both regardless of price?
My thinking on this matter leans towards option B, i mean that is what i would personally do plus acquiring a company that focuses on a subject differing from what i do would increase the potential customer base.
So far i can see some of the upsides, but i would like your help in form of feedback as to the downsides or upsides to acquiring a company or feedback of any kind regarding this idea.
Thank you very much for the answers in advance.
- BillLv 64 weeks ago
"regardless of price" is not the way to look at anything. One should evaluate alternatives and options with life cycle economic projections in mind.