While business transactions showcased a steady ascent in the past two quarters, there is a discernible downward trend in sale prices. The median sale price in Q2 saw a 14% drop to $300,000 from the preceding quarter. Moreover, the median asking price in Q2 experienced an 8% decrease over the same period.
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Exit Planning from Your Business in Tampa Bay
Small businesses are the backbone of the Tampa Bay economy, providing jobs, services, and innovation to the community. However, many small business owners may not have a clear plan for exiting their business when they are ready to retire, sell, or pursue other opportunities. Exit planning is an important process that can help small business owners achieve their personal and financial goals, as well as ensure the continuity and sustainability of their business.
How to drive sales like Tommy Boy
How to Drive Sales Like Tommy Boy The 1995 comedy film Tommy Boy is a classic tale of an unlikely salesman who must save his family business. While the film is full of laughs, it also contains some valuable sales lessons that small business owners can learn from. Here are a few of the key […]
Navigating Sea Change: A Small Business Guide to Recognizing and Adapting to Transformational Shifts
Just as the ballroom scene in “The Poseidon Adventure” shifted from celebration to chaos, the business world is prone to sudden and transformative shifts. Recognizing and adapting to sea changes is a testament to a small business’s resilience and adaptability. Embrace change as a catalyst for growth and an opportunity to showcase your ability to navigate uncertainty. By staying informed, fostering innovation, and putting your customers at the heart of your journey, your small business can not only survive the storm but thrive in the face of a sea change. Just like a skilled mariner adjusts the sails to harness the wind’s power, your adaptability and strategic acumen can propel your business forward into uncharted yet promising waters.
You Don’t Need Radar: You Just Need To See The People For Who They are
Demographics matter. North of Orlando and south of Ocala lay the villages. Retired, No Kids, disposable income, and here is the beautiful part: The average income in the villages is 85,000 dollars. ; 13% higher than the rest of Florida. Now mind you that doesn’t seem like much but these folks have restrictions. In the […]