With federal spending pulling back, some businesses may find that the revenue streams that fueled yesterday’s growth won’t carry them into tomorrow. That may be the signal to pivot.
Acquisition can create new opportunities by adding customers, capabilities, markets, and revenue streams. But before you buy, make sure your business is ready. Strengthening your structural capital (financials, leadership, systems, processes, and access to capital) can help prepare your company to take on and scale an acquisition.
THE POWER MOVE: Assess your next growth target. What would it take to reach it? If you’re ready, define your next 90-day sprint. If you’re not, identify what needs to improve before making your next move.
Visit https://pgcoc.org/ for more information
Sincerely,
Alexander K. Austin
President & CEO
Prince George’s Chamber of Commerce
