Donald Trump has re-entered the oval office this week and has begun his second term as president. This will quickly change the environment that your business is operating in. Here are some changes that may be coming: Deregulation: Trump has favored reducing regulation on businesses, which could encourage innovation, job creation, and investment. It tends...
A recent article from Forbes shows that between 2025 and 2028, business owners might be compelled to sell based on key financial, economic and political conditions. Lower inflation and recently announced rate cuts from the Fed are good news for business owners considering an exit; and 60% of chief executives saying they plan on completing...
Please lean on your trusted business partners to be more informed about the changing environment. Here at Sunbelt Business Advisors, we love working with our partners for information and knowledge. The Minnesota Chamber of Commerce provided helpful information for how new policies will impact your business. Great information can be found: What happened in the...
As of January 1, 2025, certain entities are required to complete Beneficial Ownership Information* (BOI) reporting. Please note that this responsibility falls directly on you as the entity owner. Action Required: Ensure that you complete your BOI reporting by January 1, 2025, using this link (BOI E-FILING) For the filing, you’ll need: Basic information on beneficial...
So, you've calculated the TRUE EARNING POWER of your business. Now What? We apply a "multiple" to it. One of the most common methods of valuing privately held businesses of all sizes is using valuation multiples. But where do we find these multiples? First, let me tell you where NOT to find these multiples. DON'T...
In light of Donald Trump winning the election, here are some critical insights for small businesses, with a focus on why selling your business now might be more advantageous than waiting. Why Consider Selling Now? Current Economic Optimism The stock market immediately reacted positively to Trump's election, including some record highs. This optimism could translate...
From the Mpls/St. Paul Business Journal (Sept. 16, 2024): Best Places to Work: Sunbelt Business Advisors - Minneapolis / St. Paul Business Journal (bizjournals.com) Minneapolis-based Sunbelt Business Advisors earns its fourth Best Places to Work award this year. Leadership at the firm attribute its award-winning culture, in part, to matching employee charitable donations, sponsoring frequent...
By Keith Payne Licensed Business Broker, Independent Insurance Specialist, and Manuel Santana, Certified Business Appraiser As an independent insurance agency owner contemplating an exit strategy, whether through a complete sale or partial transfer, careful planning is crucial to maximize your agency's value and ensure a smooth transition. Recent changes to the Small Business Administration (SBA)...
MINNEAPOLIS - May 30, 2024 - Sunbelt Business Advisors President Chris Jones announced that three brokers received four awards bestowed by the International Business Brokers Association (IBBA). The awards were announced on May 21 at the IBBA Annual Conference in Louisville, Kentucky. IBBA Award Recipients: Robert Harris, Chairman’s Circle Award - Given to individuals who...
