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- 05:09:23 - This week in The Hub - Main Street Weekly
05:09:23 - 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.
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 …
If you’re a startup, it’s likely your exit won’t be going public or selling to a big-name acquirer. Instead, there’s a good chance you or your assets will end up in the hands of another startup.
Stats back up this presumption. Each year, in the U.S. alone, hundreds of funded startups get acquired by private, venture-backed companies. (438 words) Read more here…
Reports of Western oil majors eyeing big asset deals are surfacing amid mounting talk of a new wave of M&A across the industry. Robust cash flows from firm commodity prices, low net debt and stronger share prices support the case for more dealmaking. (750 words) Read more here…
An American Express (NYSE: AXP) survey of 1,100 U.S. small businesses shows that smaller firms are seeking consolidated cash flow management tools “to foster greater efficiency, profitability, and business growth.”
This latest survey stresses “the importance of product integration in cash flow management.”
According to the survey results, 60% of small businesses “use between two to three cash flow management products to run their business with 62% spending at least five hours a week on various platforms and 18% spending 10-20 hours a week.” (551 words) Read more here…
Small businesses list growth and profitability as top priorities for 2023 and said AI could help get them there.
“One of the most available and powerful tools is AI,” Jose Gomez Cueto said this week during the National Small Business Week Virtual Summit hosted by the U.S. Small Business Administration and SCORE. “Artificial Intelligence is revolutionizing the way small businesses work.” (547 words) Read more here…
In the Pods …
In this episode, we'll be exploring the story of Dee Ludlow, the founder of the 5am Club and a managing partner of 5D Capital Partners. Dee will be sharing how he founded the club, his belief in the power of discipline and self-awareness, and his entrepreneurial journey. [1:06:48] Listen in here…
Michael Girdley (@girdley), Mills Snell (@thegeneralmills), and Bill D’Alessandro (@BillDA) review a training academy for recreational vehicles. [33:10] Listen in here…
Jon Stoddard with guest Eddie Wilson. [1:44] Listen in here…
In this episode of The Disruptive Successor Show, Jonathan speaks with serial entrepreneur, author, and speaker Christine McDannell, the Founder and Principal Business Intermediary of The Magnolia Firm. She recalls growing up in her dad's HVAC business and shares the chaos that followed his sudden passing. [44:58] Listen in here…
What is the current economy doing for us? That is what this week's podcast is all about!
Join business acquisition and growth strategist Bruce Whipple as he shares the strategies, tips, and techniques gleaned from 25+ years and $50 Billion in cumulative wealth creation for himself, Dan Peña, QLA, and others. [8:09] Listen in here…
Description: Matthew Saskin hired an operator to run and grow the towing business he acquired from the moment he became owner. The arrangement is working well enough that Matthew still works his W-2 and plans to do so indefinitely. This is a fascinating case study of looking for a small business to buy and an operator at the same time… [1:28:47] Listen in here…
Carlos is an entrepreneur from Argentina; down there he started a farming and exporting business (chia seeds, beans, citrus, etc). He came to the US in 2015 for his MBA where he learned about Search Funds. He took an alternative path for Entrepreneurship through acquisition, partnered with the owners a Boston-based business to grow and sell it, and recently completed the exit of this business. [50:12] Listen in here…
In the Knowledge
Understand the HR compliance tasks you should know and learn best practices for staying HR compliant.
HR compliance is the implementation of human resources policies and procedures that comply with laws and regulations. Businesses must maintain HR compliance to avoid penalties, fees or legal action. Learn more here…
Synopsis: Merging with or acquiring another company can enable you to invest in new products and talent to transform your business. However, you need a strategy to ensure your success. You can get started by Learn more here…
In the BIG Guys Corner … (middle market and above)
Despite considerably more income in the first quarter compared the last year’s first quarter, Montreal-based TFI International says it still has an appetite for buying companies.
First quarter operating income of $166.4 million in U.S. dollars compares to $219.8 million for the same quarter last year, according to a company statement. Total revenue dropped from $2.19 billion in the first quarter of 2022 to $1.85 billion in the first quarter this year. (590 words) Read about it here…
In the Sosh … who to follow this week
Jay Abraham is founder and CEO of The Abraham Group, Inc., and is recognized as one of the world’s most successful/impactful marketing strategists, business innovators, entrepreneurial advisors/mentors, and masters of revenue and performance enhancement and acceleration.
Connect with Jay on LinkedIn.
A globally renowned expert in Mergers & Acquisitions in the field of small-to medium-sized enterprises (SME), Jeremy speaks all over the world – even having been invited to Buckingham Palace and The British Houses of Parliament to advise on matters of business and enterprise.
Connect with Jeremy on LinkedIn.
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
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
The official “Un-Conference” of micro-PE. Where Holding Companies Meet, Learn, Scale, and Grow. Check it out
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