08:29:23 - This week in The Hub - Main Street Weekly
08:29:23 - 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 …
M&A activity: Finding the mutually beneficial arrangement
Among the most active merger and acquisition (M&A) companies is San Francisco-based GrubMarket, Inc., a technology company known for its software-as-a-service platform WholesaleWare.
GrubMarket has made a number of high profile purchases in the last few years, including Custom Produce Sales of Parlier, CA, in March. (438 words) Read more here…
AI-Driven Business Advisor “BizAI” Targets Small Business Growth
The launch of launch BizAI, an AI-driven business advisor exclusively tailored for small to medium-sized businesses (SMBs), was announced by vcita. The tool, designed to help SMBs tap into actionable business advice derived from their own data, is scheduled for release in the upcoming weeks.
Rooted in comprehensive data analysis of SMB activities and customer interactions, BizAI seeks to uncover untapped growth potential. The tool is not only integrated into the vcita SMB solution but also the inTandem platform, extending its reach to a broader audience. (400 words) Read more here…
In mergers and acquisitions, 5 ways to center employees
The benefits of mergers and acquisitions (M&A) are many—often combining complementary sets of products, customers and markets, differentiated IP and world-class talent. They also bring significant change within the organizations coming together, creating both opportunities and challenges for employees and the workplace.
Employee experience and cultural alignment are critical factors for combined success. It’s vital for HR leaders to help the entire organization quickly understand and build the new shared culture, and work to efficiently transfer knowledge—to realize the true deal value, reduce attrition and preserve the knowledge and expertise being acquired. (550 words) Read more here…
How to Develop a Growth Strategy for Your Small Business
If you are starting a small business, you will need to develop a comprehensive strategy to guide your business growth. While running a small business can be an exciting way to build something from the ground up, it can also be an uphill challenge. Therefore, you want to be sure that you employ the right methodology to give yourself the best possible chance of success.
This article will describe what a business growth strategy is and lay out steps for designing and executing one. We will discuss pitfalls to watch out for along the way and provide tips for how to maximize your growth potential. (1352 words) Read more here…
How to Build a Small Business Through Community Led Growth
There are a lot of ways to grow a business; many people use product-led growth or sales and marketing to increase their sales. But there is a third engine to grow your company: community-led growth.
On the Small Business Radio Show this week, my guest grew his business using his only his community.
Lloyed Lobo, an entrepreneur, podcast host and community builder, experienced the Gulf War as a young refugee in Kuwait, witnessing the strength of community in evacuating the population to safety. As the co-founder of Boast.Al, he leveraged the Community-Led Growth model to bootstrap the company to eight-figure revenue and secure over $100m in funding, while also co-founding Traction, a community empowering over 100k innovators through connections, content, and capital. (500 words) Read more here…
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In the Pods …
Buying a Small Business to Build for Decades - August Felker Interview | Acquiring Minds
August Felker has been in and around search for almost 15 years, having done both a traditional search fund and a self-funded search. There are dichotomies between the two models that August crystalizes for us: bigger business vs. tiny business; mentorship vs. being on your own; and having to exit vs. holding forever. We also get into the business of insurance agencies, which turn out to be really good businesses — if you can get 'em. [1:10:18] Listen here…
Build with Leila Hormozi
How can you create an unshakeable business? My name is Leila Hormozi and I crossed $100M by the age of 28. Now I’m growing acquisition.com into a billion-dollar portfolio. In this podcast, I share the lessons I’ve learned in scaling big businesses and helping our portfolio companies do the same. Buckle up, Let's BUILD. Listen and learn…
My Amazing Exit at 19 Years Old! | Quiet Light
Hudson Shapiro is the Founder of TumLove, a brand that creates gut-friendly protein products for those with sensitive stomachs. He has been working on business-oriented projects since he was 10. Hudson co-founded Dupuytrensco, a company with the first-ever all-natural remedy for Dupuytren's contracture and hand afflictions which he successfully exited in 2023. [28:45] Listen here…
Sam Rosati On His Journey From Being A Lawyer To Becoming An Entrepreneur In The ETA Space | How2Exit E 135
Sam Rosati is the founder of Pursuant Capital and an expert in the ETA (Entrepreneur Through Acquisition) world. He has a background in law and has extensive experience in helping entrepreneurs buy and sell businesses.
He discusses the challenges of being an operator and the importance of finding the right operator for a business. Sam also talks about his current holdco and investment thesis, which focuses on small and medium-sized businesses in various industries. He emphasizes the need for a clear criteria when searching for a business and the importance of understanding the risks and potential for growth. Sam also discusses his involvement in the search fund community and how he helps aspiring entrepreneurs through boot camps and mentorship. Listen here…
Build your business to sell... Even if you don't intend to exit | Processing Purpose
You want to begin a new venture with the end in mind. In today's episode, we suggest that you build your business so that you can sell it, even if you don't intend to exit it. There is a MASSIVE upside in this approach when building regardless of your long-term intentions. Listen in and find out why and how to position your business to run without you. [59:55] Listen here…
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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.
Catch the latest issue of Acquisition Aficionado Magazine - a proud sponsor of The Hub! click here
In the Knowledge
How to Outsource Everything: A Guide for Overwhelmed Small Business Owners
As a small business owner managing various daily responsibilities, it can be difficult to find time to focus on your business’s growth. Often, the most efficient and affordable way to handle those tasks isn’t by taking care of them in-house, but rather by outsourcing.
Here’s what you should know about outsourcing for your small business. (1515 words) Read more here…
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In the BIG Guys Corner … (middle market and above)
Subway has been sold for billions in one of the biggest fast food acquisitions ever
Subway listed themselves for $10 billion. Roark Capital offered $9.6 billion, according to The Wall Street Journal.
Subway, a family-owned business of nearly 60 years that has other sandwich shops in its portfolio, has been acquired by private equity firm Roark Capital.
The sandwich company announced in a press release Thursday that it had received an offer from Roark. The Wall Street Journal reported that Roark offered $9.6 billion for the sale, which originally was listed for $10 billion back in February.
Subway must meet cash flow milestones within two or more years after the deal is finalized to pay the entire $8.95 billion deal price, according to Reuters. The deal does not include the earn-out. (270 words) Read more …
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In the Sosh … who to follow this week
https://www.linkedin.com/in/leilahormozi/
Leila Hormozi
CEO of Acquisition.com - We partner with $1M-$10M EBITDA Founders to help them grow great companies.
I am a CEO, entrepreneur, and investor. By the age of 30, my portfolio of companies crossed $200M per year in revenue spanning: brick & mortar service, licensing, education, SAAS, and e-commerce.
I've been widely considered as a scaling & operations expert and am a guest contributor on Forbes & Entrepreneur with a large focus on Human Capital and Customer Success.
I now spend my time investing in founder-led service-based businesses to help them scale & multiply profits at Acquisition.com. Acquisition.com is the 'go to' company for low-mid market entrepreneurs to achieve growth and enterprise value.
Ray Drew - A.K.A SBA RAY
Top-producing SBA 7a Lender | Host of the #1 Podcast in SBA Lending | SMB Investor | Business Acquisition | Partner Buyout | Owner-occupied CRE
Ray helps structure customized loans that meets the unique needs of the business and guide the entrepreneur through the borrowing process. He has a passion for helping small business owners and aspiring entrepreneurs build their small business empire through owner-occupied commercial real estate, business acquisitions, and partner buyouts ($500m-$5mm.)
Connect with Ray on LinkedIn 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...
Buy Grow Sell Summit 2023 - 5 and 6 SEPTEMBER 2023 | LIVE Virtual Event
Registration is Free. “All Access” replay passes are available. This is the event of the year for Small Businesses. Get first-hand insights on how to ACQUIRE, SCALE, and EXIT businesses in today’s ever-changing landscape. This year, the Buy Grow Sell Summit will focus on getting ready for what’s next. Why? Because the SME Landscape does not stand still. The only way to succeed in business is to be aware of opportunity and prepared to adapt. 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…
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...
Next SMB Event - Sept 28, '23 - Austin, TX
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
Contact @JoshuaMSchultz on twitter for details
The Self-Funded Search Conference - Sep 30 - Oct 1, 2023 - Dallas, TX
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...
Rice's Entrepreneurship through Acquisition Conference - Saturday, October 14 - Houston, TX
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...
Main Street Summit - November 8-9 - Columbia, MO
A festival for SMB owners, operators, and investors.
An immersive two-day experience for small to medium-sized businesses with ~10-500 employees. Choose your own adventure amongst a diverse set of presentations, interviews, debates, workshops, and conversations.
Every business has a birthplace and it’s never too far from Main Street. Check it out...
Capital Camp - May 21-23, 2024 - Columbia, MO
YOUR SPONSORSHIP GOES HERE
(Reach out to Gia or Ron and show us some love).
Connect with Gia Cilento - Editor & Co-Founder — LinkedIn Twitter
Connect with Ronald Skelton, Co-Founder — LinkedIn Twitter
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