Inorganic Growth Strategies Will Help Your Business Prosper
Org stroked his hairy chin thoughtfully. “I appreciate you ‘thinking outside the rock,’ Numo. But what evidence do you have that so-called ‘inorganic strategies’ actually work?”
Numo winked at his boss. “Glad you asked!”
Next week: Numo presents an inorganic growth strategy.
Today’s FIRE! Point
Inorganic growth—through acquisitions, mergers, diversification, and more—can help your printing company continue to thrive in a declining market.
FIRE! In Action: HBP Makes Strategic Acquisitions, Grows
Nearly three years ago HBP, a printing, graphics, and communications business based in Hagerstown, MD, acquired Balmar, a printer with two locations. Last year, HBP expanded again by purchasing assets of Whitmore Print and Imaging, another local printing business. The results of these acquisitions? Top and bottom line growth, significant employee size growth (200 employees today, up from 130 pre-acquisition), product line diversity, and geographic expansion...all accomplished during an uncertain business environment.