07:25:23 - 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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It starts tomorrow! A special M&A event 
The 2023 Business Acquisition Virtual Summit 📈 - July 26-28

How2Exit, our sister site, is proud to sponsor this 100% online event packed with 3 FULL days of expert presentations from the world’s most recognizable acquisition entrepreneurs.

It’s a “Who’s Who” of M&A with Jeremy Harbour. Roland Frasier. Carl Allen. Walker Deibel. Nick Bradley. Plus 20+ more M&A leaders.

And you get complimentary livestream access to it all.  Sign Up Now!

(Note: These are affiliate links. We appreciate your support.)

Now, on to our regular newsletter. 

In the News, Blogs, and AI …

Small businesses in the U.S. looking to incorporate artificial intelligence (AI) tools into their operations can benefit from the Small Business Administration’s SCORE program. The SCORE program offers free mentorship services and workshops to small business owners and entrepreneurs across the country and will be hosting a webinar next week focused on implementing AI. (xxx words) Read more here…

NEW YORK, July 21 (Reuters Breakingviews) - We all dream of turning back the clock. As the debt fueling mergers and acquisitions becomes ever-more expensive as interest rates rise, dealmakers have particular reason to yearn for the past. Some smart investors are crafting new deals that exploit the post-pandemic merger wave’s legacy of cheap credit.

The interest rate on high-yield loans to large borrowers from banks has roughly doubled to 10% since late 2021, reckons investment bank Configure Partners, while private lenders now charge about 12%. That’s a problem for corporate matchmakers. Corporate debt usually features change-of-control provisions that require it be paid off if the borrower changes hands. That forces buyers to refinance old cheap loans with new expensive ones. (1050 words) Read more here…

The Federal Trade Commission (FTC) and the Department of Justice (DOJ) yesterday released new draft guidelines for mergers and acquisitions. The proposed rules would govern how the two agencies tasked with antitrust law enforcement evaluate whether to allow or block corporate merging and acquiring. The release of the draft guidelines marks the beginning of a 60-day public comment period. (2500 words) Read more here…

It’s no secret that AI technology has made its way into the mainstream. With tools readily available to anyone with a connection to the internet, there is ripe opportunity (especially for small business owners and their teams) to leverage AI as an extra pair of hands in driving growth. (670 words) Read more here…

In the Pods …

Ryan Smith, founder of Think SBA, shares his journey from corporate banking to becoming an SBA loan specialist, emphasizing the power and opportunities of SBA financing in helping entrepreneurs buy businesses with limited equity. [55:43] Listen here…

In this episode, Value chain ecosystem approach, Real life example of value chain ecosystem, Emphasis on the exit planning, and more. [50:12] Listen here…

The theme of this conversation is the life-changing potential of buying a business, especially so for people starting at the margins. Bakari Akil, Bruce Vann, and Chris Munn — each of them Black, each of them from modest backgrounds (and in one case outright poverty). Buying a business changed the lives of these gentlemen profoundly. [1:12:46] Listen here…

Kurt Stein is the President of DCT Strategy and a technology expert. He has a diverse background, starting from working at UPS to eventually becoming a client business manager at AT&T. With over 15 years of experience in the technology industry, Kurt has a deep understanding of how technology applies to mergers and acquisitions. He helps businesses embrace AI and leverage its capabilities to stay competitive in an increasingly technology-driven world. [59:59] Listen here…

Mills Snell (@thegeneralmills) and Heather Endresen (@EndresenHeather) break down a test prep business this week. Check out the listing here: https://quietlight.com/listings/13904. [31:52] Listen here…

In the Knowledge 

WASHINGTON, July 19, 2023 /PRNewswire/ -- Seventy percent of small business owners are aware of AI tools, but only 40 percent are actively using them, according to a recent webinar hosted by SCORE, mentors to America's small businesses and a resource partner of the U.S. Small Business Administration.

"AI is the ultimate leverage for scaling a small business," said SCORE Fox Valley mentor Paul Ohlson. "If you're not already using it, or at least learning about it so you can use it soon, you're going to fall way behind your competitors and peers." (460 words) Learn more here…

Planning and strategizing business growth is essential if you want to succeed in the long run. For micro and small businesses, change is critical for survival and requires careful planning and management. This article will discuss how small businesses can effectively plan and strategize their development.

Step 1: Define Your Business Objectives

The first and most crucial step in planning and strategizing your business growth is to define your business objectives. (640 words) Read more here…

In the BIG Guys Corner … (middle market and above) 

Special purpose acquisition company BlueRiver Acquisition (NYSE:BLUA) said on Monday that it is set to merge with the medical device company Spinal Stabilization Technologies. The two companies have entered into a definitive business combination agreement. The combined company will operate as Spinal Stabilization Technologies, and have an estimated post-transaction enterprise value of ~$302M. (120 words) Read more here… full Press release (2100 words)

July 24 (Reuters) - Canada's TC Energy (TRP.TO), best known for its Keystone oil pipeline, will divest a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion) to Global Infrastructure Partners (GIP).

The company's Toronto-listed shares fell 3% in morning trade to C$50.74 following the deal, while they fell 2.8% to $38.44 on the NYSE. (380 words) Read more here…

Furthers Strategy of Acquiring Unique, Value-Oriented Hospitality Real Estate in Attractive Markets Nationally

DALLAS--(BUSINESS WIRE)--Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Home2 Suites by Hilton New York Long Island City, an extended stay, all-suite hotel located in Long Island City, New York. This recently renovated hotel is one of only three Hilton-branded extended stay properties in New York City and is viewed as an urban flagship-type asset by the brand. The acquisition represents Paceline’s second strategic partnership with Highline Hospitality Partners, following Paceline’s acquisition of the Sheraton Suites Atlanta Galleria, which was announced in June 2022. (507 words) Read more here…

In the Sosh … who to follow this week

Acquired a Main Street business and grew it to 23 locations in 2.5 years. Saved businesses a gazillion with high-quality global talent + tech. Former State Department.

Connect with him on LinkedInTwitter

Akhtar Khan

We help people to Build wealth through growing and scaling their business, M&A and property investment inside our Reaching Excellence Wealth Academy. We use a new method to win -The Code of Reaching Excellence - My proven system to overcome resistance, breakthrough the barriers to success and get amazing results in business and life.

In the calendar … 

Special Event sponsored in conjunction with our sister newsletter, The Deeper w/How2Exit by Ronald Skelton

Tomorrow1!! - a special M&A event 
The 2023 Business Acquisition Virtual Summit 📈 - July 26-28

How2Exit, our sister site, is proud to sponsor this 100% online event packed with 3 FULL days of expert presentations from the world’s most recognizable acquisition entrepreneurs.

It’s a “Who’s Who” of M&A with Jeremy Harbour. Roland Frasier. Carl Allen. Walker Deibel. Nick Bradley. Plus 20+ more M&A leaders.

And you get complimentary livestream access to it all.  Sign Up Now!

(Note: These are affiliate links. We appreciate your support.)

Now, on to our regular newsletter. 

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 BusinessBatten Institute at the University of Virginia Darden School of BusinessUNC 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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