Corporate reorganizations are creating new business owners While 2020 was a down year when it comes to the number of Jacksonville area companies sold, activity in the new year is brisk at least for one Northeast Florida business broker. Bianca Evans, with Transworld Business Advisors, has closed 4 different deals totaling over 10 million dollars. . .
Small businesses are synonymous with family. With so much at stake, entrepreneurs tap trusted spouses, uncles, cousins, and kids to help out. If it goes well, the business supports an entire tribe and everyone gets along. But what happens when the founder wants to sell? Does having family employees affect selling your business? “Selling a. . .
Continue Reading “How Do Family Employees Affect Selling Your Business?”
Voters have spoken. With more than a 60% majority, Florida will be raising the minimum wage. However, what does a $15 minimum wage mean for selling your business? Amendment 2 was designed to increase the state minimum wage from $8.56 to $15.00 per hour. On September 30th, it will rise to $10.00 per hour. Every. . .
Continue Reading “What $15 Minimum Wage Means for Selling Your Business”
If you’re in the market to buy a business, you’re not alone. The pandemic has caused thousands of people to reassess their professional life and many are looking to buy existing businesses. Corporate executives that took buyouts and early retirement are looking to realize their dream of owning their own business. This seismic and seemingly. . .
Weighing heavily on everyone’s mind is does COVID 19 impact company worth. If you’ve seen this coffee mug around, you know it’s a twist on a common business term used to measure profitability. Earnings Before Interest Taxes, Depreciation, Amortization…. and Coronavirus.It’s an attempt at a bit of humor to break the tension 2020 has brought. . .