One prevalent misunderstanding among potential business buyers is the belief that acquiring a business requires putting 100% of their own capital at risk. Fortunately, this assumption is flawed. Exploring this further, there are two primary financial approaches commonly employed when purchasing a business: 1. **Small Business Administration (SBA) Loan:** The SBA loan is a government-backed […]
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What matters most to business buyers in Tampa Bay Florida?
About Michael Shea Tampa Business Broker
Michael Shea is a seasoned Tampa business broker with over two decades of experience helping businesses buy, sell, and merge. He is a graduate of Providence College, and has completed masters level coursework at Kennesaw State and Georgian Court University. He is a CBI, CMAP, and BCI.
Unveiling the Power of Storytelling: How Narratives Enhance Business Value and Sale Success
• Identify your audience: Understand the perspectives, interests, and motivations of your target audience. Tailor your story to resonate with their specific needs and aspirations.
Leveraging Psychology: A Strategic Approach to Boosting Your Business Sale in Tampa-St. Petersburg, Florida
Leveraging Psychology: A Strategic Approach to Boosting Your Business Sale in Tampa-St. Petersburg, Florida When it comes to selling your business, the process involves more than just numbers and contracts. Understanding the psychological aspects of a business sale is key to ensuring a successful and seamless transition. In this blog post, Tampa Business Broker Michael […]
Seller Tsunami…yeah not so much
Entrepreneurs in my experience particularly the small Main Street businesses usually have bad financial planning and quite often go all in on get rich quick things like flipping houses etc. Risk, Hedging, diversity of portfolios all are singularly uncommon in my experience. Im not going to drill down on why but take note….2008 hit. It decimated many many Business owners who had either all their money in their business or had bought real estate which collapsed.