George Argyros Jr.’s executive experience ranges from insurance and investment to professional sports teams. President of Elite Financial Group, George Argyros Jr. leverages his background to lead the California holding company, a firm he founded in 2003.
If you want to establish a holding company, keep these factors in mind:
Know where you want to invest – Focusing on markets you specifically have knowledge in is an ideal place to begin. However, you may also want to consider sectors projected to have tremendous growth, as well as firms that could benefit from combining resources and reducing overhead, thereby making a more profitable entity.
Define your acquisition strategy – As a holding company, your goal is to gain majority interest in several businesses. Make certain you are aware of how much you want to grow over the coming years and what that entails. Any expenditures determine how your company will make future acquisitions.
Find equity partners – Having the backing of equity partners gives businesses you intend to acquire assurance that the transaction can be completed. Before an equity partner agrees to offer financial resources, they will ask to review your business plan, so be prepared to present one.