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.
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How Long Does It Take to Sell a Business in Tampa?
The buyer’s ability to get financing is often the most time-consuming part. In today’s rising interest rate environment, SBA loans take time to underwrite. Having a broker who understands the SBA process—and can help package the deal—is crucial.
What Happens to Employees When You Sell Your Business?
By Michael Shea – Transworld Business Advisors, Tampa, FL One of the biggest emotional roadblocks in selling a business is this question:“What happens to my employees?” As a business owner, you’ve built a team. Maybe they’re like family. You care about them. So naturally, you’re worried that selling the business might put their jobs at […]
Spring often evokes themes of renewal and growth, making it an appealing season for business owners in Tampa to explore selling their companies. In a city like Tampa, where tourism, real estate, and a dynamic small business landscape drive economic vitality, timing your sale with seasonal trends can significantly enhance its value. Yet, as with […]