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Michael Shea

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business

Seller Financing…get with the program or get used to not selling in the near future

May 16, 2023 by Michael Shea PA

Well, it is here… double-digit financing rates in SBA….for the better part of 2 years we have called this day with alarm. It is frankly no surprise but many from all sides of the political spectrum are blinded by the natural tendency to see the rising storm. I like to use the ballroom scene from the classic “The Poseidon Adventure” to illustrate the “boiling frog” tendency of owners to hope for the best in spite of odds.

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: bbf, business, businessbroker, ibba, ism, michaelshea, orlando, sellerfinancing, smallbusiness, tampa, Transworld

How to Choose the Best Deal for You and Your Business

April 7, 2023 by Michael Shea PA

Selling a business takes a bit of homework. You need to be ready to drive the deal at specific points. Start by gathering all the outside valuation information to determine a value for your business. Are there any liabilities or other issues connected to your business that you must address to ensure the deal can move smoothly?

Filed Under: Selling A Business, Selling Your Company Tagged With: #value, business, businessbroker, clearwater, Lakeland, Transworld, transworldbusinessadvisors, winterhave

MARKETING FOR SMALL BUSINESS- A TIPS TO IMPACT YOUR BRAND AND BUSINESS

April 7, 2023 by Michael Shea PA

Host a social media contest: Encourage your followers to participate in a contest or giveaway to win a prize. This is a great way to increase engagement and build brand loyalty.

Filed Under: Business Management Tips Tagged With: business, marketing, sales, socialmedia, tampa

Why do only 10% of Family Businesses Sell?

March 24, 2023 by Michael Shea PA

In the 1980’s, the Family Firm Institute did a study showing that about 30% of all family-owned businesses survived into the second generation; about 12% made it to the third generation; and only 3% survived through the fourth generation and beyond.

Filed Under: Business Management Tips, Selling A Business, Selling Your Company Tagged With: business, exit, family, orlando, parents, professional, tampa

Key Factors To Analyze When Buying A Manufacturing Business

March 21, 2023 by Michael Shea PA

When buying a manufacturing business in Florida, There are several key factors that are important for a manufacturing business: Product Design: The design of the product is crucial to the success of a manufacturing business. A well-designed product that meets the needs and wants of customers can help attract and retain customers. Quality Control: Maintaining […]

Filed Under: Selling A Business, Selling Your Company Tagged With: business, manufacturing, michaelshea, qualitycontrol, skilledworkforce, supplychain, tampabusinessbroker

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