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Michael Shea

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Blog

How do you value a collection agency?

March 3, 2023 by Michael Shea PA

Valuing a collection agency for a sale will depend on several factors such as the size and scope of the business, its financial performance, market conditions, and other relevant factors. Here are some steps to help you value a collection agency for a sale:

Filed Under: Uncategorized Tagged With: businessforsale, collections, consumercollections, debt, debycollection, finance, money

How do you value a roll off dumpster business?

March 3, 2023 by Michael Shea PA

Valuing a trash dumpster business will depend on several factors such as the size and scope of the business, its financial performance, market conditions, and other relevant factors. Here are some steps to help you value a trash dumpster business:

Filed Under: Selling A Business, Selling Your Company

Yes I said it…Balance Sheets at mainstreet most of the time are no factor

March 3, 2023 by Michael Shea PA

Overall, while a balance sheet is an important financial document, it may not be as critical for sales on Main Street, especially for small businesses. Other factors such as location, customer service, and product quality may have a more significant impact on sales.

Filed Under: Uncategorized Tagged With: #sellmybusiness, balance sheet, Lakeland, tampa, Transworld

What is a letter of intent and when is it appropriate?

February 28, 2023 by Michael Shea PA

LOI are the preferred tool for larger deals….why? Well the contracts are that are standardized are generally not going to work for the complexity involved. That being said in my opinion they afford the buyer the most protection as they are not binding. Smart sellers at the Main Street level will incur more legal fees

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: binding, Lakeland, legally, letterofintent, loi, mainstreet, michaelshea, orlando, parties, tampa, Transworld

PERSONAL BRANDING IN SMALL BUSINESS

February 28, 2023 by Michael Shea PA

Builds credibility and trust: A strong personal brand can establish an entrepreneur as an expert in their field and build trust with potential customers or clients. When people know and trust the entrepreneur, they are more likely to do business with them.

Filed Under: Business Management Tips

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Recent Posts

  • Why Are So Many Medical Practices Selling? Understanding the Consolidation Wave
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  • Industry Red Flags: Why the Wrong Business Broker Will Cost You Millions (And How Transworld Does It Differently)
  • The Hard Truth About Selling Your Business: Why It Takes More Than an Asking Price to Close a Deal
  • The Systems That Attract Premium Buyers

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