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Michael Shea

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Starting a New Chapter: Entrepreneurship After 50 in Tampa Bay

November 11, 2024 by Michael Shea PA

Are you over 50 and considering the entrepreneurial path? Here’s why buying an existing business in Tampa Bay could be the perfect next step. When life after 50 includes more freedom, financial stability, and professional experience, the opportunity to embark on entrepreneurship becomes not only achievable but often advantageous. Many Tampa Bay residents are choosing […]

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: 50, cashflow, entrepreneur, ENTREPRENEURSHIP, lowrisk, michaelshea, tampabay, tampabusinessbroker

Understanding the Three Key Methods of Business Valuation for Tampa Businesses

November 6, 2024 by Michael Shea PA

Business valuation is essential for Tampa business owners looking to sell, secure investors, or even gauge their company’s worth in today’s market. Understanding the right valuation method helps in presenting an accurate and compelling business value. Here, we’ll cover three widely-used approaches for valuing a business: the Asset-Based, Market-Based, and Income-Based methods.

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: asset, business, businessbroker, businessvaluation, guide, income, MARKET, michaelshea, tampa, tampabay, tampabusinessbroker, tampabusinessbrokermichaelshea, Transworld

The Importance of Properly Pricing Your Business for a Successful Sale in Tampa Bay

November 4, 2024 by Michael Shea PA

For Tampa Bay business owners ready to sell, setting a fair and realistic price is one of the most important steps to ensure a smooth transaction. Proper pricing attracts serious buyers, shortens time on the market, and maximizes your return on investment. By focusing on SDE, cash flow, market comparables, and other relevant metrics, you can price your business accurately and make it more attractive to buyers.

Filed Under: Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: bestbusinessbrokerintampa, businessbroker, businesssales, pricing, seriousbuyers, tampa, tampabay, tampabusinessbroker

op Factors That Kill Business Sales: What Tampa Bay Business Owners Need to Know

November 4, 2024 by Michael Shea PA

  When selling a business, many factors can make or break the deal. For Tampa Bay business owners thinking about selling, understanding common deal-breakers is essential to avoid costly mistakes and maximize the chances of a successful sale. Based on insights shared in the video, here are the top things that can derail a business […]

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: businessowners, declining, legal, michaelshea, sellingabusiness, tampa, tampabay, tampabusinessbroker, yourfloridabusinessbroker

Maximizing Your Business Value: The Benefits of an Annual Meeting with a Tampa Business Broker

November 4, 2024 by Michael Shea PA

Brokers will review your financials to assess profitability trends, cash flow, and the reliability of your revenue streams. They’ll offer feedback on areas where margins could be improved and help you strategize for long-term financial stability.

Filed Under: Business Management Tips, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: BENCHMARKS, businessbroker, businessbrokers, INDUSTRYBENCHMARKS, MARKET, michaelshea, michaelsheatampabusinessbroker, tampabusinessbroker, transworldbusinessbrokers

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