By Randy Krivo, Licensed Business Broker, Sunbelt Business Advisors and M&A Advisor, True North Mergers & Acquisitions As a business broker, I have met with countless buyers over the years and most of them narrow their search to businesses that are in industries in which they have past experience. In some instances, that’s the right...
Still a Seller’s Market for Business Owners Looking to Exit? By Chris Jones, President, Sunbelt Business Advisors The markets just closed out the worst week since the pandemic. Inflation is at a 40-year high, prompting the Federal Reserve to raise rates by 75 basis points. Further rate increases are expected in 2022 as the Fed...
For the past two years, I have worked with Edible franchise owners across the nation as they have endured and thrived through the pandemic. So much has changed for Edible owners, and yet so much has remained the same. It is still hard work to keep up with everything that is changing and who wants...
SIOUX FALLS, S.D. – May 9, 2022 – Sunbelt Business Advisors CEO Brian Slipka and President Chris Jones have announced that the company has launched Sunbelt Business Advisors of South Dakota, based in Sioux Falls. “This move is a product of our success,” said Slipka. “We are proud to expand into South Dakota with local talent to reinforce our...
A longstanding credo for successful business planning is make specific goals. However, there is such a thing as being overly specific in your goals to the detriment of other things that matter to you. Let’s look at how adding fuzziness to specific goals can make your business planning strategies more fulfilling. Analytics vs. Eye Test...
Running a successful business is complex per se. Adding the element of “family” to a business often creates more complexities, especially as the business grows. Lifelong family bonds and expectations can run headlong into business realities and needs. Today, we’ll share some ideas about how to keep the family business running and the business family...
Successful business owners may face a conundrum as they pursue success. “Though my competitors do something similar, they don’t do it the way I do it. So, how do I know the right way to achieve success, especially if I don’t do things their way?” It’s a bit of a paradox: How can you build...
If cash is king, then cash flow is the kingmaker. Cash flow can have a multiplier effect in terms of achieving your planning goals for a successful future. Often, increasing cash flow requires strong performances from key employees. Let’s look at how properly motivating your key employees could cause a cascading effect that creates a...
It is safe to say the past two years have been full of surprises. Some businesses thrived, while in other areas jobs were lost, companies were forced to go under, and we even lost loved ones along the way. Many businesses were affected by the pandemic in some way or another. According to a survey...
