Being so focused on starting businesses from scratch, I have overlooked one mode of value creation which others have used very effectively: buying a company with great products or services but poor marketing, and turning on the growth engines.
I recently met two businessmen who systematically find underperforming companies and turn them around. Last week I also talked with two companies that are raising capital, going public, and then using their stock to do a “roll-up” strategy (where they acquire multiple companies) to create value.
I’m trying to find the 5 best web sites that list business acquistion opportunities. Globalbx.com looks pretty good. It lists 123 internet companies that are currently for sale. Businessesforsale.com has a better Alexa ranking (therefore more traffic) and lists more than 550 media and technology properties for sale.
What other business exchanges are you aware of?