A recent study comparing Baby Boomers, Generation X, and Millennials reveals stark differences in how personally prepared each group feels for transitioning out of business ownership. While confidence levels vary, the data shows a consistent gap between perceived readiness and actual planning. As a business broker, understanding generational psychology is essential when advising clients on […]
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Baby Boomers Face a Critical Readiness Gap in Business Exit Planning
As a business broker who has worked with hundreds of owners across Tampa Bay and Central Florida, Michael Shea of Transworld has observed firsthand the challenges many entrepreneurs face when it’s time to step away from their businesses. New data from the 2025 State of Owner Readiness: Generational Report highlights the urgency of stepping up […]
When is the right time to sell my business?
If you’re in Tampa Bay, Clearwater, or St. Petersburg, don’t wait until circumstances force your hand. Start preparing now. Even if you’re not ready to sell today, an experienced broker can help you understand your business’s current market value and build a plan so that when the time is right, you’re positioned for the best outcome.
Why You Want Mike Shea in Your Corner as a Broker If You’re Selling a Business
Selling a business is a high-stakes process that demands expertise in market dynamics, valuations, and negotiations to secure the best outcome. Let me break it down for you, focusing on why Mike Shea, a Central Florida broker with Transworld Business Advisors, is a strong choice for sellers. Mike Shea has facilitated over 420 business transactions […]
According to BizBuySell’s Q2 2024 Insight Report, the median sale price of small businesses in the U.S. rose to over $325,000, with valuation multiples holding steady around 2.6–3.0x SDE (Seller’s Discretionary Earnings). This confirms that valuation is not arbitrary—it’s grounded in market data, industry norms, and buyer expectations. From a broker’s perspective, valuing a […]