Acquisition of an existing well-managed company that is generating a profit and has prospects for long-term viability is preferred over starting up a company.
Mno-Bmadsen is targeting one commercial company acquisition every one to two years, depending on investments within the other two strategic goals (capturing tribal spend and maximizing commercial land returns).
Creating “start-up” companies are reserved primarily for capturing tribal spend. Reason being that under this strategy the business has a captive market (the tribe) which substantially reduces the inherent risk of failure typical of start-ups.
Start-up companies must still be viable companies given the tribal spend to be captured by the company.
As Mno-Bmadsen acquires commercial companies and captures tribal spend, it will shift its focus more toward the strategic goal of maximizing return on tribal lands.