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- 07:04:23 - This week in The Hub - Main Street Weekly
07:04:23 - 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 …
Private equity firms are looking to acquire physician practices with growth potential. Here are seven tips to make sure you’re ready when the right opportunity arrives.
Private medical practices are a hot commodity right now as private equity firms narrow their focus on merger and acquisition (M&A) opportunities. With medical services continuing to shift from hospital environments to outpatient facilities, health care investors are looking for practices that can expand their current network and capabilities. (527 words) Read more here…
Growing a small business isn’t easy. It is one of the toughest challenges many face when they are looking to get out of the 9 – 5 daily grind.
The success of your small business depends on your efforts to grow profits using various methods. From employee training to marketing, every aspect of your business deserves attention.
Rapid growth doesn’t happen overnight, but there are several steps you must take to keep your business moving forward. It takes time and effort. However, when you start reaping the benefits, you will see that your effort is worth it. Here are some tips to consider if you wish to see your business grow. (1235 words) Read more here…
For all the challenges that come with starting a business, scaling one is often even harder. That’s when you’ve established your business, have regular customers and clients, and have something to lose if you can’t sustain and scale it. (1023 words) Read more here…
Sales automation software is a game-changer for small businesses, increasing efficiency and driving growth. This article looks at the top 35 picks, providing insights into each option. From CRM systems to lead generation tools, we’ll highlight features, benefits, and applications. Find the right software to boost productivity and revenue. (3,109 words) Read more here…
Artificial intelligence (AI) technologies have opened up countless new opportunities for every size business across the globe. AI is providing deep insights like never before, and it is helping turn many business processes more efficient. Whether you are a freelancer with a one-person business or in charge of multiple employees, there are many tools that can improve your operations. (2812 words) Read more here…
In the Pods …
I spend a lot of time talking about which businesses it might be good to buy or invest in. But what about which businesses to avoid? Today we're going to talk about the worst businesses, why I (generally) don't invest in them, and how it all comes down to one thing: probability.
What is the likelihood that the money I put in yields a return on my investment? And even if there's a return on my investment, how long will it take to see results? Is it worth your time, and mine? More often than not with these businesses, the answer is a resounding "no." [15:14] Watch here…
In this episode of The Deal Room Podcast, our host Joanna Oakey speaks with Nigel Hall, Director of Bonza Business and Franchise Sales about some of the most common questions small business owners have when selling their business. They discuss considerations that should be given to current market conditions and the importance of being prepared when going to market.
Nigel talks about how it’s best to sell your business earlier rather than later, and highlights the need for succession planning. They also discuss costs and the time it takes to sell a business as well as what can affect timeframes. Nigel shares his views on the value of getting a realistic appraisal of your business before going to market. [18:12] Watch here…
Kirk Michie has been an active player in finance for more than 30 years, and involved in middle market M&A for nearly two decades. Since founding Candor Advisors 3 1/2 years ago, Kirk has been involved in nearly $1 Billion worth of sales of private businesses, several to large public companies. His varied experience, often referred to as reps in the M&A gym, paired with his daily involvement in the sector, drives his primary mission, guiding founders to better outcomes. [57:06] Watch here…
Sam Rosati runs a bootcamp for entrepreneurs looking to buy a business, so he's seen countless searches up close. He's observed that not being clear on your target criteria can needlessly prolong your search by months, or worse. So he developed a framework to get clear on your criteria for the business you aim to acquire. He calls it: Big 3, Little 2. [50:38] Watch here…
Bill Snow shares his journey in the world of mergers and acquisitions (M&A) and provides valuable insights into the industry. He introduces himself and talks about his background, giving viewers an overview of his origin story. Bill discusses his first deal, a spin-out deal that unfortunately did not reach fruition. He then touches on the concept of valuation, emphasizing how some individuals can have overly optimistic expectations. [1:02:32] Watch here…
In the Knowledge
Small business grant opportunities tend to ebb and flow throughout the year. However, even during slow months, there are plenty of opportunities from ongoing opportunities that accept applications on a rolling basis. This post includes grants due in July, along with a few extra options that are consistently open. (634 words) Learn about it here…
Discover the benefits of using local SEO strategies for your small business, including building trust and loyalty with your customers.
With the rise in map-based searches, local search engine optimization (SEO) presents an opportunity for small businesses to enhance their visibility on maps and attract local customers. Backlinko reports 86% of people discover local businesses through maps, highlighting the significance of local SEO in connecting businesses with their target audience. (781 words) Learn more here…
In the BIG Guys Corner … (middle market and above)
Sometimes, no one is buying. Other times, everyone is spending big.
This week clearly belongs in the latter category for tech and life sciences M&A. Acquirers shelled out nearly $8 billion in disclosed-price acquisitions in industries from generative AI to payments to legaltech. Read about it here…
June 30 (Reuters) - General Motors (GM.N) said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries.
GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection system at a quicker pace. Read about it here…
NEW YORK, June 29 (Reuters) - Overstock.com intends to sunset its company name and rebrand as Bed Bath & Beyond after purchasing that company's intellectual property assets in bankruptcy, Overstock CEO Jonathan Johnson said on Thursday.
Overstock, which chose not to bid on any of Bed Bath & Beyond's retail locations or inventory, will remain an online-only home goods retailer, combining Overstock's strengths with a better-known and stronger brand name, Johnson said in an interview. Read about it here…
In the Sosh … who to follow this week
Business leader, advisor and trainer
My goal is to ensure that new entrepreneurs and longtime owners reach their dreams by creating, buying or expanding their businesses -- profitably and successfully. I've experienced the entrepreneurial journey from small startup to the big corporate environment.
Connect with her on LinkedIn. Twitter. Email: [email protected]
Founder at They Got Acquired, helping entrepreneurs sell their business. Media entrepreneur.
My sweet spot is the intersection of content and business. I'm building a new media brand, They Got Acquired (TheyGotAcquired.com). Our mission is to redefine startup success by featuring acquisitions of online businesses between $100K-$50M, deals that are too small to be covered in mainstream tech publications but can be life-changing for founders.
Connect with her on LinkedIn. Twitter. Email: [email protected]
In the calendar …
Special Event sponsored in conjunction with our sister newsletter, The Deep by Ronald Skelton
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 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
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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