Business Buying Strategies from The Dealmaker's Academy
Business:Entrepreneurship
In 1984, Gerald Ratner took over the company that his Father and Uncle started. At that time the Ratner's jewellery chain had 130 stores.
By 1990 it had 2,500 stores and 25,000 employees with an annual turnover of £1.2 billion and profits of £121 million.
How did he grow so fast?
Acquisition!
In Gerald's own words...
"It's a lot easier to acquire a competitor rather than to organically grow. It's quicker, easier and more cost effective. I'm totally convinced by that."
Gerald goes on to mention something critical about the way you buy companies. Something that he wasn't worried about in the 1980s and what ultimately led to the fall of the Ratners chain.
What is that one thing? And how can you avoid it?
You'll also hear from tax specialist Chris O'Hara who advises what to do when buying a company that's been involved in a tax avoidance scheme.
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Episodes of Business Buying Strategies are available on iTunes, Spotify, Google Play, Stitcher and Breaker.
Disclaimer: Nothing in this podcast should be construed as legal, financial, tax or business advice. The information is for entertainment only and you should always engage suitably qualified professional advisors. Jonathan Jay, the guest presenters and The Dealmaker's Academy Ltd do not take any responsibility for your actions and decisions as a result of this podcast.
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