This episode discusses growth strategies for IT services firms. The hosts, Matt Lockhart, Ryan Barnett, and Mike Harvath, explore the journey of IT services companies from startup to potential exit, emphasizing the importance of organic growth, acquisitions, and strategic decisions. They introduce the "rule of 45," a metric combining growth rate and profitability, to assess a company's readiness for expansion or recapitalization. The conversation also touches on the impact of economic trends, particularly AI, on business relevance and the balance between personal and professional goals in decision-making.
What does M&A readiness mean as an IT Services firm? We're answering some of the questions you should be thinking about when planning the next move for your business.