Michael Shea

Central Florida's #1 Business Broker

business

Tampa Small Business Checklist

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Starting a small business is no easy feat, but having a structured plan greatly increases your chances of success. Whether you’re starting from scratch or considering buying an existing business, Tampa Business Broker Michael Shea and Transworld Business Advisors can guide you through the process.

Our team has the expertise to help you navigate the complexities of entrepreneurship, from buying and selling businesses to scaling operations. Contact us today to take the first step toward achieving your business ownership dreams!

How does Work in Progress (WIP) work in a Business Sale?

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Work in Progress (WIP) plays a significant role in the sale of a business, particularly in industries where production processes are ongoing and products are not yet completed. Here’s how WIP is typically handled during business sales: Definition and Accounting •Work in Progress (WIP) refers to partially finished goods that are still undergoing production. This […]

Understanding M&A Documents: Why MOUs, IOIs, and LOIs May Not Suit Main Street Transactions

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So yesterday afternoon I had a calendar appointment show up on my email. I had not spoken to the gentlemen before but that is not normal. When we got on the call we spoke at length about how they were trying to buy a business (no broker involved )and had gotten their attorney in involved. […]

Hurricane Recovery for Tampa Bay Small Businesses: Key Resources for Post-Storm Resilience

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When hurricanes sweep through Tampa Bay, they leave behind a trail of challenges for local communities and small businesses alike. While recovery can be daunting, Tampa has a wealth of resources to help small businesses navigate the aftermath of a storm and emerge stronger. Here’s a look at the key support systems available to small businesses in Tampa Bay post-hurricane.

How Far in Advance Should Tampa Bay Business Owners Plan Their Exit Strategy?

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  Selling a business requires careful timing and planning, especially in a vibrant market like Tampa Bay. Many business owners wonder how early they should start planning their exit. According to Michael Shea of Transworld Business Advisors, starting years ahead is ideal, with three to five years as a general benchmark. Here’s why advance planning […]