Listen to “#772 Is it Difficult to Sell a Small Business in 2024?” on Spreaker.
SEGMENT 1 with Lindsey Day and Mark Williamson, starting at 0:00: Transactions within the small business sector have been prevalent in 2023. According to the latest BizBuySell’s Insight Report, small business acquisitions increased by 2% in Q3 2023 compared to last year. What other small business acquisition trends took shape in 2023, and what should small business owners looking to sell their business think about in 2024?
Lindsey Day is co-chair of Lathrop GPM’s Closely Held Business Institute. Mark Williamson is a business lawyer who predominantly represents sellers of businesses in mergers and acquisitions. Lindsey and Mark have extensive experience representing business owners, including families and individuals.
- How did business sales in 2023 compare to 2020 & 2021?
- Why PE buyers have been targeting family businesses, particularly HVAC, manufacturing, and plumbing companies in 2023
- Can PE buyers pay as much as strategic buyers?
- What trends and opportunities will continue into 2024?
- How can sellers exercise leverage in the selling process?
- How can you increase the chances that you’ll actually get paid on an earnout?
- What should a small business owner do to prepare if they’re interested in selling their business in 2024?
SEGMENT 2 with Cathy Christen, starting at 16:45: I know this may not surprise you, but women are still at a disadvantage in the workplace when it comes to raises and promotions as well as getting loans or getting financing. Why are women still at a disadvantage, and what can be done about it?
Cathy Christen is a Trainer, speaker and executive business coach helping others live a Life by Design. She is also one of the co-founders of Gobundance Women’s Mastermind – a community of executives, entrepreneurs, and investors focused on creating a full abundant life.
- Why are women still at a disadvantage in the workplace when it comes to promotions and raises compared to men? What can be done about it?
- What should women be doing to ensure they are considered for raises and promotions in 2024?
- How can women achieve personal, financial and career success in 2024?
- What is the Abundance Mindset Challenge and how can women participate?
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