04:11:23 - This week in The Hub - Main Street Weekly
Curated from the world of SMB (small to medium business), What you need to know about buying, growing or selling small to medium businesses. The news, the pods, the social influencers.
We do the research and bring you what’s pertinent when you want to grow, scale, buy or sell your first or your next business.
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In the News/Blogs …
How to get backing for a merger, and keep control
Hint: Capital is plentiful so think beyond the bank
Want to buy a brokerage (or three)? Have plans for growth that require some financial support? The good news: you’ve got options. The bad news: you may not be aware of the ones that offer you the most flexibility and long-term benefit. (741 words) Find out how…
5 strategies to manage cybersecurity risks in mergers and acquisitions
Mergers and acquisitions offer benefits to both buyer and those being bought, brining new synergies and energizing both sides while creating a newer, bigger, stronger entity. But a new addition to the corporate family can bring with it a host of cybersecurity risks. (1780 words) Find out how to manage your risk here…
From Mundane to Magic: The Incredible Benefits of Automation for Small Business Owners
Automation can give small business workers back hours for what they enjoy, all while improving the ability to scale.
Most small business owners want to increase the value of their businesses, and they often do so over time by adjusting their marketing, coming up with new products or services or making what they do more convenient. Automation is another pathway to value that leaders often overlook because most large automation providers do not focus on selling to smaller accounts. (900 words) Read on to find out why and how to apply automation to your business…
Small Businesses Add 101,000 Jobs in March, ADP Reports
Small business jobs grew by 101,000 during March, according to the ADP National Employment Report, produced in collaboration with the Stanford Digital Economy Lab.
Regionally, in the US employers in the South lost 228,000 jobs. Strong jobs gains were in the Northeast, Midwest and West. Small businesses of 1-19 employees increased by 38,000 jobs. Small businesses from 20-49 employees increased by 63,000 jobs. (294 words) Find out how small business grows jobs…
Florida ranked as top state to start a small business
In a new study conducted by Capital on Tap, Florida was named the best state to start a small business, with the credit lender pointing to the state’s 5.5 percent corporate tax rate and an abundance of jobs created through startup companies.
Small businesses are a significant contributor to Florida’s economy, representing 99.8 percent of all businesses in the state, according to the Florida Small Business Association. These small businesses are responsible for providing employment opportunities to a significant portion of the state’s workforce, with 41.1 percent of Florida employees working for small businesses. (470 words) Click through to find out more on why Florida is so pro SMB’s…
In the Pods …
Uncovering The Rise Of Media M&A With Michael Fink, Co-CEO Of Treasure Hunter - How2Exit E111
Michael Fink is the Co-CEO of Treasure Hunter, and is currently living in a small city in Munich called Burghausen, which is home to the longest castle in the world. He was invited to the How2Exit Podcast to discuss his experience in buying, growing, and owning media assets.
Fink began his journey more than 10 years ago when he and his then-girlfriend, now-wife co-funded Ever Growing with €1,000 and published product review sites.
At TreasureHunter, they are acquiring and operating content websites in passion-driven verticals, building out a synergetic portfolio and helping founders on the way to reach the full potential of their sites. [55:17] Enjoy the story here…
How To Buy A D2C Startup For Cheap and Sell It For Millions
Episode 439: Sam Parr and Shaan Puri talk to Mehtab Bhogal about how to flip direct-to-consumer brands to earn millions of dollars, underrated companies, Oprah, and more. [1:14:16] Click through and find out if this method is for you…
People-Focused Integration - M&A Science
Featuring Marilyne H. O'Hara, Global Head of M&A Integration at Block (NYSE: SQ). Including topics such as Ideal Integration Process; Consequences of Late Integration, Integration Led Diligence, Culture Shaping Integration, and more. [45:01] Listen to find out how it’s done…
Pro Tennis Player Carries On Legacy of Family Entrepreneurship | Paul Sullivan
Today, I want to do something a little different and share a story about an 82 year old serial entrepreneur who is also a professional tennis player.
I've known this person my whole life and he helped shape my entire entrepreneurial career with his unwavering encouragement and lifelong words of wisdom when he told me, "No one is ever going to give it to you. You have to fight for every point, every game and every match, every single day." And when he gave examples of great entrepreneurs and athletes that he remembers most, they were always the ones that succeeded with class and integrity.
I hope you enjoy my conversation with my dad, Paul Sullivan. [67:00] Find out what it looks like to pass the baton to your next generation…
Software Companies Are Dead. ChatGPT Killed Them.
Colin and Brent discuss the impact of ChatGPT and AI on software companies.
[27:00] Listen in on the discussion…
Business Search to Raising $6M to Buying $22M of Real Estate in 14 Months with Joe Quinn
Joe Quinn started his business acquisition search and then switched to buying $22M in real estate in 14 months. 14 deals in 14 months. Wild ride. We dive into… — How to Find a Mentor — How He Spotted Opportunities in Real Estate During His Search — How to Raise Money — Using W2 Knowledge to Launch His Career. [25:06] Click through to hear the whole story…
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In the Knowledge
55 Grants, Loans and Programs to Benefit Your Small Business
When you know where to look, help for your small business is there for the taking.
Whether you’re starting a new small business or looking to grow the one you already own, finding funding can be a challenge for businesses of all sizes. If you’re looking for a small business loan or grant, CO— is here to help. (4680 words) Click through and bookmark this page…
How to Start a Business: A Step-by-Step Guide
Starting a business can be hard work, but if you break down the process of launching your new company into individual steps you can make it easier. Rather than spinning your wheels and guessing where to start, follow this 10-step checklist to transform your business from a lightbulb above your head into a real entity. (5180 words) Copy and store this 10-step checklist…
8 Keys to Upscaling Your Business
Risky decisions come with the territory of running and growing your business, but you can minimize the risks with a sustainable business growth strategy.
As a business owner, you must be prepared to explore unconventional and innovative options to remain competitive. You have to be willing to pivot from the security of structured forecasts and plans to experience business growth. (1850 words) See which keys you can implement next…
Small Business Saturday Special: Practical Guide to Fintech for SMBs (Updated)
Fintech is defined as the use of digital tools to process payments, invoicing, cash flow management, and other financial processes (both transactional and operational) within the organization, as well as with external stakeholders like customers, suppliers, and credit providers.
The majority of businesses utilize it to effectively manage their funds or resources. Incorporating time-saving services such as smartphone wallets, capital asset trade, and accounting automation also enables companies to compete successfully in a competitive market. (1200 words) Use this guide to navigate the complex world of SMB finance and technology…
In the BIG Guys Corner … (middle market and above)
Rogers merger with Shaw to trigger ‘billions in investment’
After protracted negotiations with regulators, Canadian telco giant Rogers Communications and Shaw Communications have finally completed their long-awaited merger. The companies said the merger will “create one national cable, media, and wireless company” unlocking “billions in investment”. (310 words) Read more here…
Corporate M&A: Pressing “Pause”
Corporations took a hiatus from healthcare mergers and acquisitions, but excess cash and the need to buy growth should lead to a rebound in activity.
Given the large amount of cash on hand and the growth M&A can provide, we think strong corporate deal activity will return relatively soon. This is particularly true for pharma, where there is the looming issue of patent expiry. (1440 words) Read about it here…
In the Sosh … who to follow this week
Roland is Co-founder and/or principal of 6 different Inc. Magazine fastest-growing companies (e-commerce, e-learning, SaaS + real estate).
Serial entrepreneur who built, acquired, sold and advised over 1,000 businesses with adjusted sales ranging from $3 million to over $6 billion.
Investor + Business Mentor - I help entrepreneurs acquire, grow, scale and exit 7, 8 and 9 figure businesses.
Follow him on Linkedin, Twitter - rolandfrasier
Susana buys and sells businesses and helps you do the same.
“… I got educated in the USA and I quickly understood why and how the best businesses and smartest owners scaled quicker than most and their founders achieved greater wealth and the freedom to spend more time doing what they wanted in life.”
Follow her on LinkedIn, Twitter - The_ISAN
In the calendar …
The Exit Meetup by Flippa, In a City Near You Soon
The Exit Meetup is a local meet-up for like-minded business owners.
Meet others, and talk about growth and the opportunity to buy or sell. Plus, hear from a successful acquisition entrepreneur. This is an informative and entertaining meetup aiming to connect owners and investors in a fun environment. Check it out
SMB Acquisitions Entrepreneurs Bi-Monthly Networking
A twice-monthly networking meeting where acquisitions entrepreneurs come together online to build teams, share ideas and resources, and help each other succeed. The first and Third Tuesday of each month. Check it out
10 Steps to Buying a Business that Cashflows - April 12 - Virtual
Learn how to build real wealth in a volatile market by acquiring a boring business in this FREE 60-minute masterclass. No prior experience is needed. Sign up here:
The Art of M&A® for HR Leaders - NOW - April 11-13 - Boston, MA
How many organizations understand the strategic impact of getting M&A HR right? Since delay, ambiguity, and poor execution cause value erosion, often beginning at announcement, it’s crucial that HR leaders are familiar with core M&A concepts and the impact of HR on the M&A lifecycle. Check it out
SMBash 2023 - April 27-30th 2023 - Austin, Tx
A live gathering of SMB, Micro-PE, and ETA Owners, operators, and Investors. Check it out
Veterinary Investors and M&A Conference - May 10 - Parsippany, NJ
SAX AND KPMG present the first conference of its kind – focusing on investors, private equity funds, M&A advisors, lenders, legal professionals, consultants, and others who support the growth and innovation in the veterinary services industry. As it is our first conference year, there is no cost to attend this event. Breakfast, lunch, and networking opportunities will be available. Check it out
2023 Hold Co Conference - Sept 18-20 - Cleveland Ohio
The official “Un-Conference” of micro-PE. Where Holding Companies Meet, Learn, Scale, and Grow. Check it out
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