05:16:23 - This week in The Hub - Main Street Weekly
What you need to know about buying, growing or selling small to medium businesses. The news, the pods, the social influencers. Curated from the world of SMB (small to medium business)
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 …
Wake up to the people issues that sabotage your M&A deals
Most M&A deals fail to deliver value because they don’t focus on the workforce issues. Know the red flags, and call out people risks early.
Understanding the people issues and risks before and after a merger and acquisition (M&A) deal often comes second to evaluating an asset’s potential for value and growth. According to our research, the driver of deal shortfalls in 47% of M&A deals is inadequate focus on workforce issues throughout the deal process. (787 words) Read more here…
Surprising Truths About Mergers and Acquisitions in Insurance
Mergers and acquisitions (M&A) are always a hot topic in insurance. From small agencies hoping to get acquired, large agencies hoping to get larger, or carriers looking to expand into new geographies or lines of business, there are a multitude of reasons companies consider mergers and acquisitions.
Since it’s such a common occurrence within the insurance industry, it’s no surprise that we’ve written about insurance mergers and acquisitions before. Interested in reading… (1124 words) Read more here…
The Role of AI in Mergers and Acquisitions: A new frontier
Mergers and acquisitions (M&A) have long been an important tool for companies looking to grow, streamline operations, or enter new markets. Successful M&A is often a complex and multifaceted process that requires careful planning, due diligence, and decision-making. In recent years, the emergence of artificial intelligence (AI) has added a new layer of sophistication to the M&A process, revolutionizing the way companies approach M&A. In this article, we explore the role of AI in M&A, its benefits, and real-world applications. (1696 words) Read more here…
Know 10 exciting mergers and acquisitions in the AI industry in 2022-23
Artificial intelligence (AI) technology has been gaining momentum in recent years, with its potential to transform various industries and bring about revolutionary changes. The democratization of AI has enabled businesses of all sizes to leverage its capabilities and stay competitive in the market. As a result, AI companies are continuously exploring new ways to innovate and provide the best AI-powered solutions to their customers. This has led to a series of mergers and acquisitions (M&A) of AI companies, bringing together some of the most innovative and dynamic businesses in the field.
So, are you curious to know about the 10 most recent mergers in the AI industry? (1426 words) Read more here…
Small Business Owners — Catalysts for Economic Growth
Almost half of all U.S. employees work for small businesses, defined as companies with fewer than 500 employees, and a staggering 99 percent of all U.S. companies fall under the “small business” designation, according to the Small Business Association.
Entrepreneurship can be a stepping stone to wealth generation. In recent years, however, small business owners have faced many challenges, and that’s particularly true for those in majority Black, Hispanic and Latino communities. Fortunately, data is showing a strong trend toward improvement and normalization. (735 words) Read more here…
In the Pods …
How to Survive Buying a Business When Sales Plunge 95% | Jess Safir Interview - Acquiring Minds
Jesse Safir bought a printing business in Manhattan in 2019. Nine months into his acquisition, things were going well. Then Covid descended, and Jesse's sales plunged 95% in literally 2 days. This is the story of one acquisition entrepreneur's march through a generation-defining moment, how he held on and was able to come out the other side. [1:09:02] Listen in here…
RMRB 775: Building a 6-Figure Amazon FBA Beauty Business in 3 Years By Winning at Price - Empire Flippers
In this episode, Nick talks to the seller of an Amazon FBA business created in July 2020 in the beauty and personal care niches. Listen in to find out how the business makes an average of $11,304 per month in net profit, why the seller has decided to sell, the lessons learned from running the business, and much more. [11:21] Listen in here…
I buy businesses for a living Business Buying Strategies from The Dealmaker's Academy
In this episode, Jonathan Jay meets Nathan Winch, a former biologist turned successful entrepreneur, to discuss his transition into the business world and his acquisition experience. Nathan shares some of the most interesting deals he has secured, as well as his criteria for searching for businesses to acquire. He also talks about the characteristics of sellers he looks out for and why he prefers not to use a broker in his acquisitions.
Nathan shares his insights on why larger deals are easier than smaller ones and the challenges he encountered. He offers valuable tips to those undertaking their first acquisition and shares some of the acquisition tips he has gained along the way. [27:00] Listen in here…
How to Balance Two 7-Figure Businesses and Still Be a Family
Steve Chou is a highly recognized influencer and speaker in the e-commerce space. As a serial entrepreneur, he founded My Wife Quit Her Job LLC, an educational blog and podcast that teaches entrepreneurs how to sell physical products online. The blog has been featured in Forbes, Inc., and The New Your Times, among others, and the podcast is a top 25 Apple Podcasts marketing show.
As the Co-founder of Bumblebee Linens, he sells customizable handkerchiefs and linens for special occasions. In addition, Steve is the Co-founder of Sellers Summit, a conference that Entrepreneur magazine and CPC Strategy Inc. have lauded as one of the top e-commerce events in the business. [57:17] Listen in here…
Ep 389 How to Create Sticky Customers with Lori Morton - Leverage strategic partnerships, sell to industry giants, position your company to attract acquirers, choosing the right acquirer
In 1998, Lori Morton founded AerieHub, a customizable mobile app that helps facility managers efficiently control building information and operations, including compliance records, blueprints, and employee training.
Morton onboarded industry giants such as Netflix, Michelin Tires, GE, Bosch, and others reaching over $1 million in annual recurring revenue. Thanks to a rigorous onboarding process and exceptional customer service, Morton lost only two clients in 24 years.
In 2022, JDM Technology Group acquired AerieHub in a lucrative 100% cash upfront deal. [58:00] Listen in here…
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In the Knowledge
Buying a Business for Beginners - Using Other People's Money! Jonathan Jay | 2023
In this YouTube video, Jonathan Jay shares his expertise on how to buy a business without using your own money. He has an impressive track record in buying and selling businesses and has written 10 books on business.
Here, he provides valuable insights on acquisition strategies, business mergers, and how to purchase an established business.
During this training, he emphasises the importance of being prepared for opportunities to buy a solid, profitable business without spending any of your own money. He believes that buying a business is the fastest way to grow an existing business and cash out in the future. [1:04:49]
Merger And Acquisition Tips For Business Owners In 2023
If your business is considering a merger or acquisition as a target or buyer in 2023, here are some tips to focus on:
1. Identify a target.
If you are looking to potentially acquire another business, you must first begin with identifying a target. In order to do this, you want to look at the sector and understand who the respective competitors are in that space. Additionally, you should… (935 words) Learn more here…
Navigating the World of Mergers and Acquisitions: Guide for Small Business Owners
Mergers and acquisitions (M&A) seem to be a big task for small business owners. Today in this article, we have bought you a process that will help you to gain insights into the same. Mergers and Acquisitions are not as easy as it looks. The process of buying or selling a company is a very crucial task and it needs to be done with full consideration and guidance.
In this guide, we have tried to cover topics such as valuation, financing options, due diligence, legal considerations, and post-merger integration. (1247 words) Learn more here…
Natalie Franke from Honey Book Talks About How to Grow a Thriving Business
It's National Small Business Week, and an ideal time for small business owners and entrepreneurs to take a look at their business processes so they can grow in the year ahead. Author, expert, and HoneyBook chief evangelist, Natalie Franke. Listen in to learn more…
How women can access the funds they need to grow their businesses
Colleen O’Connell-Campbell: It’s a good time to take action to get the support you need to succeed
Small and medium-sized business owners are without a doubt part of the powerful engine that drives Canada’s economy, but they may be accidentally leaving themselves out of the growth that is possible during a recession. (836 words) Learn more here…
4 Crucial Signs That Your Small Business Needs Funding
Small businesses face a constant challenge in securing funding for growth. Unforeseen cash flow challenges can cause financial instability, potentially leading to failure. Here are four signs that indicate when a small business needs funding and how implementing a cash flow management tool can improve its financial situation and reduce its reliance on loans. Learn more here…
In the BIG Guys Corner … (middle market and above)
TPG acquires Angelo Gordon in $2.7B diversification play
Private equity firm TPG is buying a veteran credit investor as part of an effort to bolster its position in the credit market.
TPG said Monday it is acquiring Angelo Gordon, a alternative investment manager with $73 billion in AUM that specializes in credit and real estate investing, for $2.7 billion in a cash-and-equity deal. This marks TPG's first substantial move to re-enter the credit market since the firm parted ways with its credit investing arm, Sixth Street, in 2020. (584 words) Find out more here…
$14 Billion Deal to Create Mega-Pipeline Company
Energy deal combines Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. The deal’s price tag amounted to a 22% premium over Magellan’s common units.
Pipeline operator Oneok agreed Sunday to buy smaller rival Magellan Midstream Partners for about $14 billion, a deal that would form one of the biggest U.S. companies involved in transporting and storing energy. Find out more here…
In the Sosh … who to follow this week
Entrepreneur, investor and corporate dealmaker with almost three decades of experience buying and selling businesses. He’s enabled over 300 deals and done $47 billion in deals over the last 27 years.
Connect with him on LinkedIn, his website or twitter.
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
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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