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Don’t compensate for the size of your manhood
‘When you’re sitting on top of the mountain, it’s amazing how many people want to help you out,’ said a successful entrepreneur to me, ‘but I saw no sight of them in the long years I was pushing the boulder up the bloody long hill!’
Growing a business organically can be a long, painful slog. How tempting then to short cut this graft and grow by acquisition. In buying a competitor, you’ll vault your industry peers in a single move, and arrive in the big league.
Before you start envisaging the applause and decking out your new corner office, take a look at the stats:
- 83 per cent of mergers studied were unsuccessful in producing any business benefits regarding shareholder value (KPMG, 1999). ...
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