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- 06:20:23 - This week in The Hub - Main Street Weekly
06:20:23 - 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 …
The rapid evolution of technology has presented small businesses with numerous opportunities to grow and compete in the global market. One such technological advancement that has been gaining significant attention is Cross Reality (XR), an umbrella term that encompasses Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). These immersive technologies have the potential to revolutionize the way businesses interact with their customers, employees, and stakeholders. However, navigating the complex landscape of XR technologies can be a daunting task… (600 words) Read more…
Clark Pest Control, a member of the Rollins family of brands, announced the acquisition of Paramount Pest Services, a commercial and residential pest management provider based in Fresno, Calif. (220 words) Read more…
The warmer months often bring our picturesque visions of small businesses into focus — local florists adorn their stores with colorful bouquets, mom-and-pop ice cream shops serve lines out the door, and our favorite restaurants bustle with the day's fresh catch and seasonal specialties under a clear sky.
While daydreaming of these early summer scenes, it's important to remain cognizant of the economic headwinds that have impaired small businesses over the past year. Though entrepreneurs are used to rising above a difficult economy, challenges persist. (800 words) Read more…
Intuit Mailchimp commissioned Independent Consulting Firm to survey marketers around the globe about their goals and barriers to success
ATLANTA--(BUSINESS WIRE)-- Today, Intuit Mailchimp (Nasdaq: INTU), the global leader in email marketing and automation*, released a report titled "The Future of AI Marketing Isn’t Added On—It’s Built In,” which explores marketers’ perspectives on AI and automation across the globe and use cases for how artificial intelligence (AI) and automation can be adopted for marketers. A study conducted by Forrester Consulting on behalf of Mailchimp underscores several major issues that today’s small and midsize businesses(SMBs) face when it comes to maturing their marketing practices, like creating new content on a regular basis and having the right insights to help them deliver that content to the right audience at the right time to drive the desired behavior**. (1380 words) Read more…
Key points:
GoDigital plans to bid for Vice Media on Tuesday.
Vice is selling itself out of bankruptcy. If there’s more than one bid for the company, an auction will take place June 22.
GoDigital’s ethos of happiness and tapping into the “Zone of Genius” is far different than Vice Media’s original culture of in-your-face debauchery. (1747 words) Read more…
In the Pods …
In this episode of the Quiet Light Podcast, Joe Valley and Pat Yates sit down with Stacey Roberts, Owner of New You Health and Wellness, to discuss how she successfully bought and sold an online business. Stacey explains her purchasing decision, the challenges she faced and overcame, the sales process, and why she decided to sell. [42:37] Listen in…
Gordon Bizar of Bizar Financing is an entrepreneur and business coach. He is the world's leading expert in the business acquisition space. Over the years, Gordon Bizar has taught hundreds of thousands of people strategic approaches to generating wealth by teaching them how to buy businesses using none of their own money or other people's money. Gordon is one of the top platform speakers for business acquisition and growth worldwide. His name is associated with some of the top names in personal and business development. Here are just some of his recent associations over the past decade. [59:58] Listen in…
CEO of Foot Solutions, a global foot wellness retailer he and a group of investors purchased in early 2020. He is an experienced executive with a background in mergers and acquisitions, operations, and multinational business leadership. He has lived and worked in both China and the United States. [46:02] Listen in…
3 acquisitions 5x profitability: Veriforce is a global provider of contract management software for industrial markets. In this episode, Thoma Bravo Partner Hudson Smith speaks with Veriforce CEO Colby Lane about how Veriforce expanded to almost five times its original size in under five years by an acquisition process that brought Veriforce together with PEC Safety. [27:55] Listen in…
Sean Dollwet started in the self-publishing business in 2016 and recently sold his business for nearly $1,000,000. Find out what he got for his business, how he sold it, and why he has some regrets with selling his business. He'll also give you an update on how his new self-publishing business is faring compared to his old self-publishing business. [22:45] Listen in…
Episode 466: In this episode, Shaan Puri (https://twitter.com/ShaanVP) presents a masterclass on how to sell a business for the most money. [26:31] Listen in…
In the Knowledge
Companies evolve and grow all of the time – and sometimes that means merging with or acquiring another business. You may be looking to expand your business reach and take over more of the market, or hoping to branch out from your current specialism. (xxx words) Learn more…
There is power in numbers. Small businesses are successful when we work together and take advantage of each other's strengths. Diverting focus from our core business to spending time on internal business processes can be costly and a waste of time. (xxx words) Read more…
In the BIG Guys Corner … (middle market and above)
Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza for $10.5 billion in the exchange operator’s biggest acquisition to date, speeding up its push to become a more tech-focused company.
Nasdaq, like its peers, has been on an acquisition spree to diversify its portfolio of technology and intellectual property after regulations in 2005 opened the equities trading market up to competition from brokers. (630 words) Read more…
Key Points:
Sports gambling powerhouse DraftKings has made a $195 million, all-cash offer for PointsBet’s U.S. assets.
The offer comes a month after Fanatics agreed to buy the Australian company’s U.S. operations for $150 million in an effort to boost its presence in sports gambling.
Fanatics CEO Michael Rubin told CNBC after the announcement that he’s highly skeptical of the deal, which he views as DraftKings attempting to slow Fanatics down. (700 words) Read more…
In the Sosh … who to follow this week
3,509 direct company acquisitions. 87,343 Companies acquired by my students and counting ($41 Billion in sales). Over 357,000 trained entrepreneurs in 33 countries, and 6 Continents. Over 50 years of experience.
Connect with him on LinkedIn.
Best Selling Author, Investor, Guest Speaker, EXITpreneur, Advisor, and Partner at Quiet Light, one of the leading online-focused M&A Advisory firms in the world.
Connect with him on LinkedIn.
Owner of “Acquire The Web” Newsletter
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 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 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
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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