Smart Agency Masterclass With Jason Swenk: Podcast For Digital Marketing Agencies
The Surprising Accessibility of Acquisition as an Agency Growth Stategy
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:22:15
- More information
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Synopsis
Have you ever considered acquisition as a growth strategy? What about acquiring five or even ten other agencies in order to grow? A lot of agency owners consider M&A for growth but think there are financial barriers preventing them from taking the leap. However, have you ever considered M&A as more of an investment strategy? In this episode, our guest shares his insights on the power of mergers and acquisitions in the agency industry. He discusses how he initially thought M&A was only for businesses with large amounts of cash but now realizes the surprising accessibility of acquisition andhow it more achievable than he thought. He also shares his hands-on experience purchasing companies with lower EBITDA values and how it has the potential to significantly boost his own company's EBITDA. Jon Bast is the owner of T3 Marketing, which started as a full-service marketing agency and is currently in the process of changing to focus on CMO services for car dealerships. He’s been in marketing since gradu