A lot of people think that the only way to grow a business is through organic growth – but that’s not true. You can also grow your business by using acquisition as a growth strategy for your business and there are a lot of different ways that you can do this.
In this video, Matt is joined by Stephen Speer and together they explore the topic of business growth through acquisition. They discuss what it means for a company to grow by acquisition and some of the key benefits and considerations involved in this type of growth.
Stephen Speer is the founder and CEO of Ecommerce Lending. He has over three decades of lending experience, and has helped hundreds of entrepreneurs achieve business success through acquisition. Stephen is an ecommerce leader, guest speaker, and M&A instructor. With his firm, he has funded over 350 transactions totaling over $400 million- making them the top lender in the country in this very specialized niche.
00:00 Intro to show
02:35 Intro to Stephen
03:44 How Stephen got into eCommerce and lending
05:42 The typical amount that someone would borrow to buy an eCommerce business
10:51 Growth by acquisition
23:25 Sponsor ad – Aurion Digital
24:17 Growth by selling
34:50 How to value a business
42:35 Connect with Stephen
43:33 Wrap up with Matt