Collection Of Resources For Your Business

Writen by Daryl Des Marais

So you are having concerns taking your company to the next level. You have run this business for quite some time now. Your results are better than the industry performing average, but what do you do next?

You need some more revenues, you need more growth? But margins are low and the industry is slowing down. So why don't you do like the big guys do, say in oil and gas, financials? What do you mean? Oh, yes, they do it in some countries, why can't you? Is it legal? What are you referring to?

Ohh!! Mergers, mergers and acquisitions? Never thought about it? Take forestry for example in B.C., some famous companies had to merge, for example Interfor. If they can merge in larger businesses, then why can't you merge with your competition? If you could then perhaps you could compete on a larger global scale. This is not really common is small business, people expand, capture a market and say where doing well.

Then years done the road when things get a little tough, the company downsizes or worse yet goes out of business. It is an option, but one that may be a little more complex, you must know more about financials and fair market value. What your business is worth? What your competitors business is worth?

What is the cost savings in completing such a merger? Is there a cost savings? It could be land, it could be general expenses, maybe even a materials or labour costs savings? But perhaps it is something you should look into. You wouldn't even have to look farther than your accountant who may be able to give you some assistance or point you in the direction of a financial expert that could make it happen or a least give you some sound financial information to think about.

Mr. Des Marais has operated small businesses for over 20 years. He has been a consultant and held positions in some of the fastest growing franchisees in Canada. He is a private parnter in http://www.usabusinessgrowth.com He has increased sales by 200% in 2 months for an herbal doctor; increased sales by 30% in 4 months for a major Canadian Big Box Retailer; 200% sales increase 3 times in a row for a service-based small business and helped several entrepreneurs develop and sell their business. His expertise is in the area of growth and business development. He has also been involved in developing business chapters. In terms of Business Development and mentoring Mr. Des Marais has volunteered with S.E.E.D.S mentorship review committee, ACE, YEA.