That Business Show 2.0 is a daily online videocast and podcast that speaks with entrepreneurs and business professionals about business building tips and aims to give the listeners tools, tips and resources to grow their own business. Find it online each morning at www.thatbusinessnetwork.com from 9am to 10am M-F EST.
#TBBOTuesday was the focus of #ThatBusinessShow today on 1250WHNZ. TBBO, or Tampa Bay Business Owners, is an 8 year old business owner only organization founded to help connect Tampa Bay business owners through education and collaboration. Monthly events and workshops work to guide entry to mid-level business owners and today, the membership is nearly 300 and going strong. Take a moment to learn about TBBO at www.tbbo.org and we invite you out to our next Main Event, free of charge, if you mention this blog and email firstname.lastname@example.org. We will add you to the guest list to check out the organization and we know you will see the value in membership after attending an event. The next Main Event is July 6th from 5 to 7:30pm at the Centre Club and will focus on Healthcare for Your Business by Dr. Eric J. Crall. Expected attendance is 100 to 150 so it’s an excellent networking opportunity as well.
Opening up the program today was one of our newest TBBO members, Michael Garrison. Michael is a Business Broker with Business Broker World and has worked in Real Estate and Business sales since 2010. Michael is a Veteran of our Military and transitioned to business brokerage and Real Estate after leaving the Military. We learn some of the basics of the business in this segment such as business valuation which per Michael ranges on average from 2 to 3 times net income. This varies with business but is the industry average in Tampa Bay. We discussed some of the challenges that an individual service provider has in selling their business and learn that business brokering is not as competitive as other areas of brokerage such as commercial and residential real estate sales. With approximately 2000 business brokers in Florida, Michael is able to keep a steady supply of inventory in his pocket for sale. We discussed the business marketplace and learn that demand and supply is in good order and that many businesses are being financed via seller financing, as the availability of business and SBA loans is limited and difficult to get for the typical buyer. Learn more about their services at www.businessbrokerworld.com or give Michael a call today at 813-966-6956.
At 7:30, I welcomed Denis Burke, CEO and President of Business Broker World. Denis is an Irish immigrant and shares his story of entrepreneurism that began at age 11 selling vegetables in Ireland and led to roles in restaurants and grocery stores before he landing in the US in 1986. Today Denis is an active member of Toastmaster International, The International Franchise Professional Group and the International Business Brokers Association and has been selling businesses for the past 2 years. We discussed the bar and restaurant business, an area that Jamie hopes to explore in the future, and discuss some of the regulations, taxes and industry surprises that many new owners encounter when opening up a bar or restaurant. We touched on business valuation again and go deeper into how an individual service provider can create a sellable brand independent of themselves. Learn more at www.businessbrokerworld.com or contact him today to sell a business at 941-224-3893!
Filetype: MP3 - Size: 18.08MB - Duration: 52:39 m (48 kbps 16000 Hz)
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