Whilst the world has been obsessing about tech startups, 'real' small businesses with actual clients and profits have been starved of options allowing them to grow.
Using the case study of The Marketing Group PLC, Jeremy Harbour and Callum Laing show how small businesses are using a collaborative approach to level the playing field with big companies and getting ahead while maintaining their independence.
After losing his 14-year old brother at the age of 10 - Jeremy developed massive anxiety over his own mortality - it became the fuel that fired his personal and professional success.
In the late 1990's, Jeremy Harbour acquired a competitor of the telecommunications he owned - without cash or involving a bank. Proving that necessity truly is the mother of invention, he figured out a deal structure that worked for the company he wanted to buy. In a single afternoon, he grew by a year's worth of sales - and that solidified it - he became a deal junkie.
A globally-renowned expert in Mergers & Acquisitions in the field of small-to-medium-sized enterprises (SME), Jeremy speaks all over the world - even having been invited to Buckingham Palace and The British Houses of Parliament to advise on matters of business and enterprise. His commentary has been featured in the Sunday Times, Financial Times, and numerous other publications, as well as appearing on The Money Channel.
As the founder of Unity Group, a firm specializing in attracting investments and creating opportunities for SMEs to scale, he has advised on more than 300 acquisitions of both distressed and solvent businesses. If it's a good deal, he pursues it, acquiring businesses in telecommunications, health clubs, spas, a music school, IT support, training, business process outsourcing, cleaning, air conditioning, and a cooking school, to name a few. With investments in 12 countries, you can say Jeremy's business sector agnostic.
Jeremy's passion for changing the mindset of wealth creation fueled the birth of Harbour Club where he teaches real tactics for buying, fixing, and selling businesses with no experience and no cash upfront. With new members every month it has become a change engine for good - helping entrepreneurs excel at wealth creation so they can be problem solvers in their local communities.
Here are just a few highlights of what Jeremy has worked on in the last decade: * 1000 Active Delegates in Harbour Club * 200+ Deals done through Harbour Club * 100 Deals Done through Unity-Group * 30 Reverse Mergers * 12 Countries with His Personal Investments * 2 IPO's
This is an excellent business book, written in plain English and not in usual business school, MBA type lingo. The authors have created a very innovative model for businesses to go public, but still maintaining ownership and the entrepreneurial spirit. This book outlines how a small business can agglomerate with others and really make more money for the owners. A must-read for any small to medium business owner. Highly recommended!
Straightforward advice on how to scale your company through agglomeration.
The book downplayed the benefits of an IPO and outright sale. It advised small business owners to combine businesses in order to attract investment.
I think the authors oversold the agglomeration method a bit but they had a lot of original advice. You probably shouldn't bother reading it if you're just starting out in business. Its tailored towards mature companies that make hundreds of thousands of dollars in profit.
Great repackaging of the old concepts. The issue is that the majority of entrepreneurs are full of themselves. The bread that will make this business model works is extremely rare.
While an interesting concept, the author's own implementation of the same idea to IPO in 12 months actually failed, so I don't know if I'd go down this path