New Business Blog

Agents and Brokers.. Sunbelt Clearwater is now posting a blog on the internet. This blog is a discussion of issues for small business sellers and buyers.

Sellers on the Fence

The economy is deterring some business owners from placing their company on the market. This, despite strong personal, family or health reasons. My suggestion to anyone in this case is to consult a broker and get a free market evaluation. At least you can obtain a value which may make the final decision to sell or not to sell. The other issue here is the mistaken notion( by most potential Sellers) that once the business is listed , it will close in 30-60 days. Nothing is further from the truth. The national average time to sell a business is between 8 and 9 months.

Having the business on the market, can bring buyers to the table, and allow you to choose the price and conditions of the sale. Using a Business broker will assure you of confidentiality while the process is taking place.

Interview with New SBA Chief

If you are not watching "Your Business"on MSNBC on Sundays, and you own a small company or business; you are certainly missing out. Last week, the host, J.J. Ramberg interviewed Karen Gordon Mills, the new head of the Small Business Administration. As part of the new stimulus package, the SBA has raised limits on loans from $2M to $3M and illiminated most origination fees. Additionally, Karen addressed the issue of government assistance to the secondary markets by stating that Tarp funds are now being injected into the larger banks, specifically for the purchase of SBA loans in the secondary marketplace.

For a full review of the interview, go to MSNBC.MSN.COM and click on the small biz icon