By Business Brokers Keith Payne - Insurance Industry Expert This comment was made to me recently, and I just about fell out of my chair. Over the years of helping independent agency owners plan their exit, many of them told me that they had the same question. However, after meeting with them, understanding their specific...
By Business Brokers, Keith Payne and Manuel Santana Fireworks, Freedom, and Future Plans: When July 4th Sparks Talk of Selling Your Insurance Agency As the 4th of July approaches, many business owners find themselves in a unique position. Amidst the fireworks, barbecues, and patriotic celebrations, conversations with family and friends often turn to more personal...
By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Inside Sources Most Americans have probably never heard of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and many small business owners are probably unaware of a new federal law called the Corporate Transparency Act (CTA), which requires them to disclose personal information to...
By Keith Payne Licensed Business Broker, Sunbelt Business Advisor In assessing the value of your photography-related business, it’s important to understand the 10 most important value drivers. Earnings are the first key value driver, reflecting your operations' financial health and economic outcomes. It's not just about total revenue; you need to consider whether your earnings...
By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Forbes When selling a business, it can be easy to get caught up in the numbers and financials of the process. The financials of any deal are important, no doubt, but the proper approach includes communicating to...
By Chris Jones-President of Sunbelt Business Advisors of Minnesota. Every tech entrepreneur faces the inevitability of an exit. To maximize your firm's market appeal and value, it's essential to arm yourself with strategies that enhance your leverage at the negotiating table. 4 Ways to Maximize Your Tech Firms Value In this fast-paced industry, preparing your...
By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Forbes When considering the sale of a business, it can be hard to know what to expect. The journey of business transition is full of unforeseen obstacles and challenges. No deal goes off without a hitch, and...
By Matt Silasiri – Marketing and Business Development Manager With high interest rates, banks are getting more selective on what SBA loans they’ll approve. In a nutshell - Flight to Quality. Meaning that banks are more likely to approve loans from qualified buyers. There are two key metrics that they look for. Financial StabilityTransferable skills...
By Matt Silasiri – Marketing and Business Development Manager Watch this short video before reading further: https://www.youtube.com/watch?v=d4vXr-Clvuw In a nutshell, EBITDA is a measure of a business’s true earning power or cash flow. Like Paulie, says, "the true picture of a company's profitability." Another common measure of cash flow is Sellers Discretionary Earnings or SDE....
