One of the great ways of expanding business is through tuck ins. A tuck in is the process of one business buying another business in the same or related field and merely tucking it in, much as the tail ends of the sheet you tuck into the end of your bed to have a full set of bedding. Really.
Often the acquiring business has the benefit of maintaining the new revenue while reducing expenses – making the acquisition yet more profitable. If it is a new line of products/services, there can be opportunities for increasing sales to all customers across the platforms.
Here are some tuck in ideas: Expand marketing revenues by purchasing another route or marketing platform. Expand services to custodial home-care clientele by purchasing a firm with licensed staff.
Tucking in another business is routinely faster than growing organically.