There will be an influx of companies to acquire that can make existing businesses more profitable with expanded customer databases, offerings and even talent. When businesses start to struggle during challenging times, they are often looking for relief or an exit strategy. “Whenever there is a downturn in the market, there’s always opportunities to acquire market share and scale by being resourceful. “The biggest opportunities for businesses in 2023, especially during a recession, is acquiring undervalued assets such as property and other businesses. Leaders have welcomed the New Year with a sense of trepidation, with concerns about how they will be able to grow their businesses, while also retaining and attracting talent and saving on unnecessary costs.īut in the spirit of optimism, we asked CEOs where they think the opportunities for growth are in 2023? John Lee, CEO, John Lee Group
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