If you run your business to simply provide yourself a paycheck, you’re what we call a lifestyle business owner. There’s nothing wrong with that, but here’s the reality: lifestyle businesses rarely command strong multiples when it’s time to sell.
exitplan
The Rise and Fall of Quiznos Subs: How a Sandwich King Lost Its Crown
In the early 2000s, Quiznos Subs seemed unstoppable. With over 5,000 locations across the country, their toasted subs and flavorful menu made them a rival to industry giant Subway. But within a decade, Quiznos went from a beloved fast-food powerhouse to a cautionary tale of corporate mistakes and franchisee discontent.
Can You Still Make Money With Vending Machines in 2025? A 30-Day, Real-World Experiment
Vending machines have been hyped as a source of easy passive income, but is there still real money in these snack-and-drink businesses? To find out, an absolute beginner with no entrepreneurial background or machine experience took on the 30-day vending machine challenge—and documented every step. The results shed light on what works, what flops, and […]
Bridging the Great Readiness Gap: What Every Tampa Bay Business Owner Needs to Know
When it comes to prioritizing exit planning, the divide grows. Over half of millennials rank it as a top priority, but just 14% of baby boomers do the same. The generation with the most to lose is, surprisingly, the least focused on preparing for the future.
Practical Steps Tampa Small Business Owners Can Take to Prepare for Their Exit
If you’re a Tampa Bay business owner, schedule a confidential consultation with Michael Shea, Business Broker and CEPA, to start your exit planning journey. The sooner you prepare, the more options you’ll have when it’s time to sell.