2 Ways an Acquisition Can Help Your Agency Grow Faster

<p>Do you feel like your agency has reached a plateau? Do you want to speed up your agency's growth but not sure how? <a href= "https://jasonswenk.com/agency-clients-more/">Are your clients looking for more</a>? An acquisition can be a great way to diversify your agency's offerings and bring new life into the business.</p> <p>In today's episode, we'll cover:</p> <ul> <li>2 Ways a merger or acquisition can help you grow your agency faster.</li> <li>#1 component of a successful merger or acquisition.</li> <li>Why your partners should always agree on an exit strategy.</li> </ul> <p>Today I talked to Jim Hawker, co-founder and head of sales and marketing at <a href="https://threepipereply.com/" target="_blank" rel="noopener">Threepipe</a>, a digital marketing agency based out of the UK. Early on, Jim realized the value of mergers and acquisitions to not only grow his agency but also streamline internal processes. He's here to talk about what's worked (and what hasn't) along the way.</p> <h2>2 Ways a Merger or Acquisition Can Help You Grow Your Agency Faster</h2> <p>It's hard to grow a successful agency without reaching a point where you hit a plateau. A place where it seems like no matter what you do, your agency's growth is just kind of stagnant. A merger or acquisition is a great way to <a href= "https://jasonswenk.com/acquisition-growth-strategy/">give your agency a kick start</a> and mix things up. But just how exactly does this work?</p> <ul> <li><strong>Streamlined hiring</strong>: Jim says it has always been a part of his agency's strategy to go out and acquire talent. While you can find success when you hire and train, this process can take a long time and you'll often end up spending more money in the end. When  you merge your team with another existing one, you expedite the process.</li> <li><strong>Greater reach:</strong> Jim says he was finally able to expand his agency's service offerings after he went through his first merger. When he connected with like-minded owner-managers who complemented his servic