08:15:23 - 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, and AI …
From Upwork freelancers to Uber Drivers, we’ve seen the gig economy offer many the path to entrepreneurship, flexibility, and growth like never before. Now as many turn their attention to artificial intelligence being used within the workplace, how can businesses best leverage it? On today’s The Small Business Show, we’re joined by the President of Agents Only, Tyler Ashby, to walk us through the benefits that AI has to offer to gig workers and how businesses can benefit. (425 words) Read more here…
Embracing sustainability can improve profitability while attracting investment and funding for small businesses.
In today's business landscape, sustainability has become a crucial factor driving success. Beyond its environmental implications, integrating sustainable practices into small businesses can produce substantial benefits, including increased profitability and improved access to capital.
At the heart of sustainability lies the concept of utilizing resources optimally and reducing waste — an approach that benefits the environment and drives cost efficiency, ultimately leading to increased profitability. Let's delve deeper into this intriguing nexus of sustainability, cost reduction and resource efficiency. (956 words) Read more here…
How a Northeastern Professor helped turn decades of research into US antitrust policy
What should happen if a major tech company is taken over by an unreliable CEO?
“Say it’s a person who is unpredictable,” says John Kwoka, the Neal F. Finnegan Distinguished Professor of Economics at Northeastern. “Someone who may be smarter than others but doesn’t view his mandate as limited to the sort of things that serious business people do.”
Someone like Elon Musk, for example? (2050 words) Read more here…
M&A are strategic approaches for businesses to grow and thrive.
Imagine you’re standing at the edge of a vast ocean, your business in hand, with dreams of conquering new horizons. The journey ahead seems daunting, and the challenges seem insurmountable. But what if I told you there’s a transformative strategy that can propel your business forward with unprecedented speed and strength? Welcome to the world of mergers and acquisitions (M&A), where businesses can unleash their true potential and ride the tides of success.
In this article, we delve into the captivating realm of M&A and explore why businesses should wholeheartedly embrace this strategic approach. (922 words) Read more here…
Starting a business can be an exhilarating time but for many small business owners, however, it can also be a time filled with many challenges. Many small business owners find some of their biggest business challenges due simply to the lack of knowledge.
While success is never guaranteed in business, careful preparation can help ensure your company can survive small business challenges in the long run. (2738 words) Read more here…
In the Pods …
Learn The Five Stages Of Raising Capital And How To Find The Right Investors With Will Sacks | How2Exit E133
Will Sacks is the founder of Fulcrum Venture Accelerator. He has raised over $50 million for various projects and helps founders learn the art of fundraising. He is experienced in venture capital and has a deep understanding of the five stages of fundraising.
Will discusses the importance of building relationships with investors and shares his expertise in venture capital and fundraising. He emphasizes the need for authenticity and enthusiasm when pitching to potential investors. Will also highlights the different risk profiles and returns associated with various investment strategies, such as seed rounds, acquisitions, and private equity. [57:18] Listen here…
Built to Sell: Create a Business That Thrives On Its Own with John Warrillow | The Robert Plank Shoe E834
Do you want to build a valuable business that can thrive without you even laying a finger? If you are a parent, your goal for your children is to make them an independent and thriving member of society. And this is the same for business owners. If you are an entrepreneur, your goal is not to sell the product but to sell the company. The goal is to build a business that thrives and creates profit without you. Tune in to this episode as John Warrillow shares how you can build a successful thriving business without you! [27:52] Listen here…
Lisa Forrest, Director of SearchFund Lending at Live Oak Bank. Live Oak is the biggest SBA lender in America. We will be discussing the much-anticipated new rules. I’m happy to have Lisa Forrest join me on a live broadcast. Lisa has over 30 years of experience writing loans under the US Small Business Administration’s (SBA) loan programs. [43:55] Listen here…
An unhappy truth about buying a business: broken deals are part of the game. On your journey to buy a business, you are exceedingly likely to invest and LOSE: time, money, and worst of all, hope. Part of being successful at this game is managing all three so that you don't exhaust any of them before you get your deal over the finish line. Searcher Nick Wheeler just experienced a broken deal, and he generously agreed to come on the pod to share what a broken deal looks & feels like as it's happening. This video will show this infamous "broken deal" phenomenon up close. [49:39] Listen here…
Top Business Acquisition Strategies that Actually Work | Investor Financing Podcast
In this video, we dive into all things business acquisition, digital marketing, and consulting for equity with Chris Moore! Discover the power of off-market deals and find out how to identify the right businesses that match your passions and skills! Unlock the potential of seller financing and master negotiation tactics to secure the best deals for your future success! [42:58] Listen here…
Founding Member Shout-Out
Shout out to our new founding member, with over 30 years in M&A, this company offers a Resource Center helping you buy good businesses. Very underpriced - get it now before they finish upgrading the site and very likely up the pricing.
In the Knowledge
A team is just as strong as its weakest link. This phrase has been thrown around the business industry. The problem, however, is that many need help confronting the weakest link if it is the business owner.
Leading a team can be daunting but can bear great fruit if done correctly. Many business owners see themselves as owners rather than leaders of their businesses. Business owners and leaders are significantly different. (1400 words) Learn more here…
Small businesses can lure talent away from bigger organizations if they do three things that align with what job seekers want.
You see it everywhere. "Now Hiring," "Benefits from Day One," or "Join our Team."
Everyone is searching for employees, and if you are a startup or small business trying to hire them, the statistics are scary. According to the Bureau of Labor Statistics, there are 9.8 million open jobs in the US. Even with people entering the workplace by the thousands, there are still not enough workers. Large businesses with massive recruitment efforts and great benefits find it difficult to recruit talent. (1081 words) Learn more here…
The dynamic world of B2B marketing is continually reshaping itself. In this evolving digital landscape, a significant proportion of business success is predicated on striking a delicate balance between acquiring new customers and retaining existing ones. However, an essential facet often goes unnoticed in this equation: customer churn—the instances when customers cease to use your product or solution. (834 words) Learn more here…
In the BIG Guys Corner … (middle market and above)
NEW YORK (AP) — United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers.
Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence. (568 words) Read more here…
Digital World Acquisition (DWAC) and Trump Media & Technology Group (TMTG) have announced an extension of the deadline for their merger. The new deadline is December 31, three months beyond the previous date. The extension is to ensure that the deal, which has faced regulatory scrutiny, can be successfully closed.
This move comes after DWAC settled fraud charges with the U.S. Securities and Exchange Commission. This settlement has provided some clarity and addressed the uncertainty surrounding the merger with TMTG, the parent company of the Truth Social app. (227 words) Read more here…
In the Sosh … who to follow this week
Over the past 14 years, Russell has built a following of over 2 million entrepreneurs, sold over 450,000 copies of his books, popularized the concept of sales funnels, and co-founded ClickFunnels, a software company that helps 90,000 entrepreneurs quickly get their message out to the marketplace.
CEO and Founder of Onfolio Holdings Inc. We buy, grow, and operate profitable Internet businesses, primarily in the content space. Through our expertise, we can optimize businesses across any vertical, and our years of successful execution has taught us how to grow our acquisitions quickly.
In the calendar …
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
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
The Southeast Entrepreneurship Through Acquisition Conference - September 8-9, 2023 - Duke University - Durham, NC
The annual Southeast Entrepreneurship Through Acquisition Conference is hosted by the Duke Innovation & Entrepreneurship at the Duke Fuqua School of Business, Batten Institute at the University of Virginia Darden School of Business, UNC Kenan-Flagler Business School and Georgetown University McDonough School of Business. This conference is designed to educate, encourage and equip current and recent MBA students and mid-career professionals in the Southeast US to pursue the acquisition and operation of a small or mid-sized business. Check it out…
The official “Un-Conference” of micro-PE. Where Holding Companies Meet, Learn, Scale, and Grow. Check it out
This will be an afternoon/evening mixer for SMB owners, investors, and operators. We'll be in the Hill Country of Texas with - Catered food - Live music - Pool - Fire pit - Fly in, build your network, make some IRL friends
The Self-Funded Search Conference is the first and only conference dedicated exclusively to the self-funded search model of entrepreneurship through acquisition (“ETA”) – exclusively for self-funded searchers. This annual conference is hosted by the Self-Funded Search Association (“SFSA”), a not-for-profit organization (NFPO) for individuals who are seeking to purchase a company through the self-funded path to entrepreneurship through acquisition. Check it out
The State of Search in the U.S. Conference focuses on search fund entrepreneurs, bringing them together with investors, students, and faculty. By Rice Entrepreneurship Association. Check it out
10th ANNUAL ENTREPRENEURSHIP THROUGH ACQUISITION CONFERENCE - Wednesday, November 1, 2023 - Chicago, IL
The Booth-Kellogg ETA Conference is an annual event that brings together search fund entrepreneurs, investors, MBA students, faculty, and other participants in the ETA ecosystem to meet one another and share insights into this rapidly-growing area. The 10th Annual Booth-Kellogg ETA Conference at the Marriott Magnificent Mile | 540 Michigan Ave, Chicago, IL. Check it out
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