09:05:23 - This week in The Hub - Main Street Weekly
09:05:23 - 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 …
Mastering The Art Of Mergers And Acquisitions: A CEO’s Guide To Maximizing The Deal
Effectively executing a mergers and acquisitions (M&A) strategy can be one of the most significant value-creation opportunities for any business. Whether you are leading an organization that is currently going through M&A or you have stepped into an organization that has executed it poorly in the past and needs cleaning up, there are strategies to overcome the challenges and ensure a successful outcome. (885 words) Read more here…
The Importance of Due Diligence in M&A Transactions
In any merger or acquisition, the due diligence stage is one of the most critical steps. It allows the acquiring company to identify dealbreakers, assess risks, make informed decisions, negotiate effectively, ensure compliance, plan for integration, and set the stage for a successful and value-enhancing merger or acquisition.
The acquiring company, with its legal, tax, and financial advisors and other advisors, must carefully examine several areas of the target organization in great detail to identify any issues with their financial, operational, technological, regulatory, tax, and other departments. Below, we look at the areas of examination necessary for a comprehensive due diligence process. (1,200 words) Read more here…
Three Automation Trends Organizations Need to Follow
Embrace automation trends for improved efficiency, collaboration, and adaptability in challenging times.
Discover how organizations are leveraging automation to thrive amidst economic challenges. Jakob Freund, Co-Founder and CEO at Camunda, shares three trends reshaping automation strategies for success in 2023 and beyond.
As we enter the second half of 2023,, many organizations are facing a myriad of challenges related to the economy. Supply chain disruptions and economic uncertainty have led organizations to consider how to do more with less. According to a 2023 State of Organizations Report from McKinseyOpens a new window. (975 words) Read more here…
Is Your Enterprise Experiencing Growing Pains? Here’s How To Thrive Through The Transition
In life and in business, growing pains hurt, but they can also be a sign of great things to come. As opportunities for advancement become apparent, you must be willing to change and adapt in response to the challenges that come with growth. Just as we adjust to these challenges to live a successful life, we must also have this willingness to adapt when building a successful business. (850 words) Read more here…
10 Strategies to Recession-Proof Your Small Business and Thrive in Challenging Times
NOW is the time to safeguard your business against the perils of the economic downturn.
Once the economy begins to decline, it might be too late to take action and steer your business toward survival and growth in the face of worsening conditions. (1,447 words) Read more here…
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In the Pods …
Seasoned M&A Professional Jay Rodgers Shares Insights on Buying and Selling Businesses | How2Exit E138
Jay D. Rodgers is the entrepreneur's mentor. He has founded and sold numerous successful ventures including Smart Start, now the nation and the world's largest breath-alcohol, ignition-interlock company. Rodgers was the visionary for and cofounder of Biz Owners Ed, a nonprofit organization that provides an entrepreneurial program and community for business owners seeking knowledge, advice, and tools to take the next leap forward in their businesses. He and his wife, Bettye, have homes in Fort Worth and Flower Mound, Texas, where he mentors small-business owners. [49:23] Listen here…
How to Unlock Growth in a 40-Year-Old Business You Buy | Acquiring Minds, Josh Medow Interview
Josh bought a decades-old logistics business. It was a solid business with search-friendly characteristics — but it wasn't fast growing. It is today, and this is the story of how Josh did that. It's not that Josh lucked into a business with tons of growth potential. He had to look for the growth opportunities only after he became its owner. It's a mindset that I don't think I've encountered from other guests: The idea that you're going to buy an existing business, not to enjoy compounding over time, but to fundamentally reshape it. [1:21:46] Listen here…
Why Size Matters When Buying A Business with Jaryd Krause
What is the difference between owning a 5K site and a 50K site? Does the size really matter when buying a business? In this solo podcast episode, Jaryd Krause will dive deeper on what it looks like owning a smaller site compared to a big one. Serial entrepreneur Jaryd Krause helps people in buying online businesses, enabling them to have more time and freedom to do what they love with their loved ones. He has successfully guided people in acquiring and expanding websites reaching up to 8 figure valuations, ranging from eCommerce to content websites. [37:02] Listen here…
Building a Committed Team for your 8 figure Exit
Have you ever considered what goes into building a team committed to working through an eight-figure exit with you? The phrasing of that question is significant. You see, building a team requires a great deal of forethought because it is a tactical movement. Likewise, you want to build a team that will work through an exit and not just to one. But why?
In this episode, I take a deep dive into this subject. I'll discuss the strategies of developing your team while driving toward your desired exit, as well as growing it through strategic hires. Additionally, I'll examine the impact a committed team can have on your firm's final value. [23:50] Listen here…
Richard Parker Shares His 30 Years Of Experience In Mergers And Acquisitions | How2Exit E137
Richard Parker has been in the world of buying and selling businesses for over 30 years. He has purchased 13 of his own companies and has represented buyers and sellers in the lower market. Richard is the author of the 'How To Buy A Good Business At A Great Price' series, which is a comprehensive program that takes prospective buyers through every step of the process, teaching them what they need to know, what to do, and how to do it.
The program has been used by over 100,000 prospective business buyers in more than 80 countries. Richard was also the Managing Director of P-Squared, an investment firm funded by Ray Dalio's family office. Today, in addition to the buyer programs he has developed, Richard runs Roy Street Advisors a lower-market boutique investment bank representing companies with earnings of $1.0 - $10 million that are looking to exit. [1:00:22] Listen here…
How to Sell Your Business for Millions: The Key Characteristics of an Irresistible Acquisition
Discover the key characteristics that make your business an irresistible acquisition target. Whether you're a seasoned entrepreneur or just starting out, understanding these traits can greatly enhance your chances of attracting high-value buyers. Watch now to gain valuable insights and expert tips that can help you maximize the value of your business and secure a lucrative deal. Don't miss out on this must-watch guide to achieving a successful business sale! Subscribe for more valuable content on entrepreneurship and business growth. [1:08:04] 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
48 Grants, Loans and Programs to Benefit Your Small Business
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.
Each week, we update this list of loans, small business grants, or other opportunities to connect with programs and organizations that can help you with your business. Come back often to see the latest. And, if your organization has a program or grant you’d like to see listed here, email us at CO@uschamber.com. (xx words) Learn more here…
How Do Business Grants Work?
Business grants are rare and competitive, but if you're able to earn one, it typically won't have to be repaid
In the U.S., thousands of grants are available to small businesses, which are a vital part of the economy. After all, nearly half of all jobs are in companies with fewer than 500 employees. And these companies make up over 43% of U.S. GDP.1 That gives them an outsized role in innovation, job creation, and economic output. (xx words) Learn more here…
Business Development: Definition, Strategies, Steps & Skills
Why more and more companies worldwide are embracing this planning process
What Is Business Development?
In the simplest terms, business development is a process aimed at growing a company and making it more successful. That can include seeking new business opportunities, building and sustaining connections with existing clients, entering strategic partnerships, and devising other plans to boost profits and market share. (xx words) Learn more here…
Hey, friends, we could use your help to grow The Hub - Main Street Weekly, and bring it to more people so we can continue to serve you and others. If you like something we shared this week, please share it on X (formerly known as Twitter) or LinkedIn and tag us when you do. Let’s get people talking.
In the BIG Guys Corner … (middle market and above)
Permian Resources-Earthstone deal creates $14B powerhouse
A year ago, the merger of Colgate Energy and Centennial Resources created Permian Resources. Today, another merger is creating a $14 billion Delaware Basin independent producer.
Midland’s Permian Resources has agreed to acquire Earthstone Energy in an all-stock transaction valued at approximately $4.5 billion. The combination of the two companies will add 223,000 net acres, bringing Permian Resources’ holdings to more than 400,000 acres and create what the companies say is a $14 billion Delaware Basin exploration and production company. (706 words) Read more here…
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In the Sosh … who to follow this week
Elizabeth Knopf
Actively investing in AI, SaaS, media, ecommerce/elearning, and environmental related companies (tech or services).
”I start by consulting with companies to identify growth opportunities leveraging my 15 yrs of tech, growth strategy, and operational expertise. I've grown companies from 9 to 10 figures, 6 to 8 figures, and 0 to 7 figures.”
Connect with her on LinkedIn, her websites elizabethknopf.com (Personal)
claroshield.com (Company), or on X eknopf2.
Lilach Bullock
“With two decades of business experience, including building and running digital marketing and PR agencies, I'm your go-to business consultant specialising in online marketing and growth. Over the years, I've been fortunate to share my expertise on major publications like Forbes, the BBC and TV but what I'm really passionate about is helping businesses grow.”
Connect with her on LinkedIn, her website lilachbullock.com, or Twitter lilachbullock.
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
Capital Camp is an upcoming event scheduled for May 21-23, 2024, in Columbia, Missouri. The event is described as a gathering for "curious, kind, and thoughtful investors, capital providers, entrepreneurs, and executives" who are pushing boundaries and breaking new ground. The event spans three days and three nights, offering serious investing conversations in a relaxed setting—think shorts and sandals rather than suits and ties. Attendees can expect interactive programming, a variety of outdoor activities, and an endless supply of food, drink, and entertainment. The event has received high praise from past attendees, with many describing it as the most valuable and best investing conference they've ever attended.
Women’s Small Businesses Show Remarkable Growth Despite Stiff Challenges
October 3rd symposium at the Sonesta Hotel in White Plains will help local woman entrepreneurs overcome their toughest obstacles. The event kicks off National Women’s Small Business Month.
Speakers from SCORE, Mastercard, Community Capital New York, Women’s Enterprise Development Center, successful local entrepreneurs, and more will share lessons learned. Read more here…
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