04:18:23 - 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.

Ronald Skelton

and

Gia Cilento

Apr 18, 2023

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In the News/Blogs …

Growing your business through mergers and acquisitions

“M&A can be a strategic move for companies looking to expand their market share, diversify their products or services, access technology, or achieve economies of scale,” says Guillermo Freire, Export Development Canada’s (EDC) senior vice-president, Mid-Market Group. (1650 words) Find out more…

SPAC Litigation Alert: CEO of Acquisition Target Charged in First Criminal Indictment Connected to a De-SPAC Transaction

After a period of unparalleled growth, Special Purpose Acquisition Companies (“SPACs”) have recently come under significant additional regulatory scrutiny, both with respect to the mechanics of their structure, as well as the subsequent business combination (“de-SPAC”) process. (1600 words) Read more about SPAC’s legal issues…

MonkeDAO Snaps Up Solana Monkey Business IP For $2 Million

MonkeDAO, the decentralized autonomous organization set up by owners of the Solana Monkey Business (SMB) NFT collection, is set to buy the project’s IP for $2 million. The announcement was made on April 14 via a tweet after a community vote was held in favor of the move. (300 words) Click for more details about this NFT acquisition…

EdTech platform TopRankers acquires Probano to enter career guidance category

With this acquisition, Toprankers becomes a full-stack career platform—from helping students discover a career to getting their first job.

Edtech platform Toprankershas acquired career guidance platform ProBanoin a cash-and stock-deal, marking its entry into the career discovery and guidance category. (760 words) Click through for details…

Revisions to SBA Loan Rules Will Permit 7(a) SBA Loan Proceeds to be Used to Purchase Partial Changes in Business Ownership

The Small Business Administration (SBA) is proposing revisions to its current lending rules with the potential to both expand access to business ownership for individuals and provide more flexible succession planning options for current business owners.

Under current SBA lending rules, small-business borrowers are limited to using SBA Loan proceeds to purchase only an entire business or the entire interest of a business owner. Proposed amendments to the SBA Loan program, however, will permit borrowers to use SBA Loan proceeds to purchase a portion of a business or a portion of another owner’s interest in a business or interests of multiple business owners. (280 words) Find out about the proposed changes…

In the Pods …

How to Buy a SMB in the USA as an International Buyer with Krystof Bartos

In this video, Krystof Bartos, guides you through his story of buying a small (SMB) in the USA while still living in the Czech Republic. With his extensive experience in finance, Krystof makes the complex process of acquiring an SMB, with a US partner, in the USA more approachable and manageable for international buyers, setting them on the path to more acquisitions. [50:40] Listen in to find out if it will work for you.

Tony Benedict In Merging Technology, Culture, and Processes for Innovative M&A Transformations - How2Exit E113

Tony talks about his experience in operations, starting with Intel and then transitioning to a for-profit healthcare system backed by private equity. With this company, they went from 12 to 28 hospitals in 18 months and from 2.2 to 7 billion in revenue. He got the fever for post-acquisition integration and the pressure to do it quickly and correctly. Eventually, the company was bought out. [55:54] Find out how he did it.

The Most Important Step Before Buying A Business | Tax Tuesday #191

Welcome back to another installment of Tax Tuesday! Tune in as Toby Mathis, Esq. and Eliot Thomas, Esq. break down your tax questions. Here’s one that you have to hear: I'm considering purchasing a bar or restaurant in Florida. It is already established but not doing well due to a change in ownership resulting from a divorce. What do I need to think about before making this purchase? [01:01:07] Be sure to listen in here…

How to Build a Portfolio of 20 Franchise Locations | Michael Horowitz Interview

Today's interview is the story of how a complete outsider to a popular franchise system, an outsider with no operational chops, gets a foot in the door and builds from there. Popular franchises don't let just anyone in; you have to sell yourself. Michael explains how he did so to acquire his first Wingstops — 7 of them — and then how he built & acquired 13 more. We also talk about what it's like operating almost 2 dozen fast-food restaurants (no surprise: labor is brutal). This interview is a great story AND tutorial on building a portfolio of franchise locations. [01:30:02] Be sure to listen in…

[Case Study] How To Beat Other Buyers & Do Due Diligence When Buying A Content Website with Robin

Buying a six-figure content website is NO joke. If you’re planning to do the same, listen to this episode to learn the INs and OUTs of buying a site. Today, I’m speaking with Robin, and he just spilled the beans on several strategies that he used when he bought a site. How does he pull it off? (He has no idea how online businesses work and has no socials.) And how much time did he put into it? We also talked about his strategy for getting the business at a cheaper price. What are add backs and why can you fight them if you know how? What type of site did he buy, for how much, and what is the multiple? What is he going to do to grow it, and what are his next steps for the future? [46:19] Tune in here…

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In the Knowledge

Comprehensive M&A due diligence checklist for public and private deals

If you’re involved in a merger or acquisition, you will be conducting due diligence either for yourself or with help from a specialist. This resource spells out what you need to do as you move through the process. (3,350 words) Read on and keep this page bookmarked for easy access.

Unlocking the Power of Data for Small Businesses: How Data Implementation Drives Business Growth and Success

Data implementation is more accessible for small businesses than it seems. From social media campaigns to financial analysis, there's plenty of opportunities hidden in plain sight.

In this article, we take a look at how businesses of any size can use data to improve their operations and grow. (850 words) Find out how data can help your business…

In the BIG Guys Corner … (middle market and above)

Who and what drove GovCon M&A in 2022

Our annual roundup shows that 140 mergers and acquisition transactions took place in the government market during 2023 thanks to a diverse set of buyers and sellers.

Mergers and acquisitions continue to be an important strategic priority for companies in the government market. Each year we track those deals for our annual roundup, which the latest edition shows 140 closed transactions for 2022. (651 words) Click through to find out who’s on the list.

In the Sosh … who to follow this week

Bruce Marks, MBA, CM&AA

Connect with Bruce on LinkedIn.

Christine McDannell

M&A Business Intermediary & Advisor - Helping business owners achieve seamless exits.

Connect with Christine on LinkedIn.

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

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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