Starting and running a small business with your spouse or partner can be deeply rewarding. You’re building something together, aligned in vision and values, and enjoying the flexibility of being your own bosses. But when love and business mix, so does risk. Without the right planning, ownership structure, and protections in place, a lawsuit, divorce, […]
Buy a Business
How to Mitigate Risk for Your Small Business: 10 Items to Consider
A good business plan isn’t just for securing funding—it’s a blueprint for decision-making. A well-thought-out plan outlines your goals, identifies your target market, evaluates your competition, and anticipates potential challenges. Regularly review and revise your plan as your business grows or as market conditions change.
The Silent Retirement Killer: What Happens If You Can’t Sell Your Business?
An unsellable business often comes with mounting debt, especially if cash flow dries up or the company’s value declines. Business loans, lines of credit, or unpaid vendor invoices can pile up, and without a sale to clear these obligations, you’re left holding the bag. If the business is your primary asset, you may have no way to pay off these debts, forcing you into tough choices: liquidating personal assets, negotiating with creditors, or, in extreme cases, filing for bankruptcy.
Avoid These Expensive Mistakes When Selling Your Business in Tampa
Failing to secure your financial future post-sale can lead to loss of purpose or stability. Many business owners in Tampa don’t plan for what comes next, leaving them vulnerable after the sale. Solution: Before selling, consult with a financial advisor to create a post-sale plan. This might include investments or new ventures in Tampa’s growing economy.
Lessons from the Cola Wars: Strategic Insights for Small Businesses in Tampa
Michael Shea PA Senior Partner @ Transworld Business Advisors | Small Business Sales, Acquisitions April 7, 2025 Way back in the early 90’s I worked for PepsiCo. My first job was as a night manager in the distribution center. Brand spanking new we moved millions and millions of cases of Pepsi, Mountain Dew, Doctor Pepper […]