Has your business gotten to the point where it could grow but you’re not certain about taking the risk?
For most business owners, this is the sign to exit and hand over the reins to someone else. For others, though, it’s a chance to consider a new strategy.
One path is to grow through acquisition. This requires capital, but a well-positioned company generally can find it with a good plan in place.
Another is to find a growth-oriented partner, such as through a recapitalization. There are many private equity funds with this as their strategy. They provide experience and capital.
Growth requires a different mindset and different skills. Depending on the owner’s circumstances, a growth strategy could be worth the investment of time and energy.