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- 05:30:23 - This week in The Hub - Main Street Weekly
05:30:23 - 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 AI/News/Blogs …
Last week, Google stole the show with its highly anticipated Google I/O event. However, this week, it was OpenAI and its ChatGPT that reclaimed the spotlight. Towards the end of the week, ChatGPT made an announcement that had everyone buzzing with excitement. They revealed that they would be rolling out web browsing and plugins to all ChatGPT Plus users in the coming week. (1550 words) Read more here…
For any buyer considering a merger or acquisition (M&A), conducting a commercial due diligence (CDD) is key to gauge the commercial synergies of a potential deal. Experts from Hammer outline what a commercial due diligence exactly is, why it is important during the M&A process, and what topics should be included.
A commercial due diligence is a vital aspect of the pre-investment process for companies and private equity firms. The process is typically conducted before buying negotiations begin, in order to allow the potential buyer to assess the risks and potential of the target company before proposing an offer. (1070 words) Read more here…
The U.S. faces a debt ceiling crisis, which could lead to increased borrowing costs, reduced consumer confidence, and slower economic growth. The debt limit standoff grows as a danger to small company owners in the challenging world of government finances.
Small business owners must understand the implications of the debt ceiling stalemate to protect their businesses. Failure to raise the debt limit can lead to a default and severe consequences for the economy. This article will examine the specific impact the debt crisis has on small business owners. (470 words) Read more here…
Mergers and acquisitions (M&A) are complex transactions that can have a profound impact on the employees of the companies involved. As businesses join forces and align their operations, one critical aspect that requires meticulous attention is employee benefits. The integration of benefit programs, policies, and cultures is vital for ensuring a seamless transition and maintaining employee satisfaction during this period of change. This is where the expertise of employee benefits consultants becomes invaluable. In this article, we will explore the pivotal role played by these consultants in facilitating successful M&A processes and driving positive outcomes for both employers and employees. (1108 words) Read more here…
Kelcey Lehrich is the Co-Founder and CEO of 365 Holdings. 365 Is a vertically integrated owner and operator of consumer product brands focused on eCommerce.
On this episode, Chris & Kelcey discuss: How they look at investing in niche e-commerce businesses. Why they've chosen shared services hold-co structure. The current eCommerce market. Deep dive into two of their businesses (cloth diapers & good for preppers) [54:17] Listen in here…
In the Pods …
From Humble Beginnings to Unprecedented Wealth: Witness the Incredible Journey of a Visionary Entrepreneur, Abraham Gray, as He Creates a $100 Million Empire through Strategic Business Acquisitions! [30:06] Listen in here…
When it comes to content websites, having quality and many pieces of content plays a crucial role in their business success! But we all know that producing bulk content of high quality is very expensive. You need to hire multiple people to do the work and spend a lot of money to achieve the desired results.
To resolve this issue, many resorted to using AI generation tools. But is it really helping their business grow? [52:40] Watch here…
Are you interested in acquiring or purchasing an existing business? In this video, Jonathan Jay sits down with three dealmakers who have bought multiple businesses and are ready to share insider tips and tricks of the trade.
First, Jonathan Jay talks to Andy about his successful acquisition strategy and the growth of his business.
Next, Jonathan Jay interviews Adam, who shares that he got into acquisitions after meeting Jonathan Jay and watching his videos on YouTube.
Finally, Jonathan Jay talks to John about his experience in business acquisitions. John has done six acquisitions in his new group, taken it from zero to £2.5 million in annual revenue, and has another acquisition lined up ready to go. He has learned a lot from doing 150 discovery calls with owners. [39:02] Listen in here…
Kevin Moyer is a Partner & Practice Leader of the Transaction Strategy & Transformation group at Sax LLP, a top 75 public accounting firm. Kevin's team focuses on financial, operational and commercial buy/sell side diligence projects and advising on transformative events within PE backed portfolio companies.
Prior to joining Sax, Kevin was a member of the Transaction Strategy and Execution team at Ernst & Young Parthenon and the CFO of two private equity backed portfolio companies in the manufacturing sector. [57:16] Listen in here…
Success is not final. This is particularly true in business where failure is all too common.
It’s an entrepreneur’s mindset and their ability to recognize failure as a necessary stepping stone to success that helps them overcome the challenges they may face.
Ace Chapman experienced this first-hand. He bought his first business for $70K and successfully grew it to where he was receiving 7-figure purchase offers from interested buyers. Then the business collapsed as a result of the dot-com crash. [49:09] Listen in here…
In the Knowledge
Small businesses are required to have a strong internet presence in the twenty-first century – it is no longer a choice. Digital marketing has become essential to the growth of small businesses as more and more consumers use the Internet to find goods and services. So let’s explore the potential of digital marketing for small businesses so you can use it to grow your company. (925 words) Learn here…
You probably know this by now, especially if you’re in our Pro community, but on the off chance you’ve been living under an internet marketing rock…
…I sold my site. (5600 words) Learn about it here…
In the BIG Guys Corner … (middle market and above)
Corporate power is in the crosshairs of the Biden administration. Through appointments to the Department of Justice and the Federal Trade Commission and his own statements, President Biden has signaled a desire to rein in some of the largest corporations in the United States. The DOJ sued Google for monopolistic conduct in January (the second such federal suit against the digital giant), and the FTC is reportedly preparing a lawsuit against Amazon that could be filed in the next few months.
Critics of the administration’s approach have accused antitrust officials of pursuing a “big is bad” policy. Implicitly or explicitly, such critics believe that corporate bigness can yield public benefits, such as lower production costs and the potential for lower consumer prices. They contend that the administration’s antimonopoly efforts could drive up prices and worsen inflation. (2337 words) Read more here…
In the Sosh … who to follow this week
“I Buy Majority Stakes in Stellar Digital and Coaching Businesses and Turn Them Into Dominant Brands.”
With 21+ years of experience as CEO, Adam led three national private equity-backed service companies for 9 private equity sponsors. During this time period, he completed 58 acquisitions. His track record includes notable outcomes measured in the billions, averaging 5x MOIC at exit.
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 official “Un-Conference” of micro-PE. Where Holding Companies Meet, Learn, Scale, and Grow. 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
Join business owners, leading investor groups from around the world, senior executives from large corporate groups, industry specialists, and M&A professionals for a memorable networking event. The 2023 Summit will be held at the Omni Downtown Dallas. Our intent has always been to provide our guests with the highest level of engagement and connectivity, and we truly look forward to doing so this June. Check it out
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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