09 Jan This Weeks Events for Business Brokers
Michigan Business Brokers Association
West Chapter Monthly Meeting
January 10, 12:00 PM – 3:00 PM
Mercantile Bank First Floor Community Room, 310 Leonard Street NW, Grand Rapids, MI
Agenda: 2023 Environmental UPDATE with Sandy Clark – Applied Eco-Systems. Meeting and Lunch provided at 12:00 PM.
Directors Note: West Chapter Directors are to arrive at 11:30 AM for Monthly Board Meeting.
International Business Brokers Association
How to Use the Market Pulse to Get Clients
January 10, 1:00 PM – 2:00 PM
Online
Join us to learn more about ways to use the Market Pulse! The International Business Brokers Association (IBBA) and M&A Source provide quality information on a quarterly basis in order to become the go-to source for Main Street and Lower Middle Market transactions. The Market Pulse Report gives timely and accurate data to help you build and maintain a successful and sustainable business. Get the clients you want by using the findings in lunch & learns, blogs, etc. Learn more about the ways you can use the Market Pulse with clients and centers of influence/referral partners! Presented by Lisa Riley of Delta Business Advisors LLC and Scott Bushkie of Cornerstone Business Services Inc, register now to get an in-depth look at how to use the Market Pulse!
Ohio Business Brokers Association
2023 Kick-Off Lunch Meeting
January 11, 11:30 AM – 1:00 PM
Mi Pueble Mexican Restaurant, 1993 Hard Rd, Columbus, OH 43235
Happy New Year!
What’s in store for 2023 in the Business Ownership Transfer and Business Sales environment? Attend our “kick-off” meeting to be with your fellow OBBA and NOBBA members along with invited guests for helpful insights.
Join us at Ohio Business Brokers Association for the annual 2023 Kick Off Meeting. (Please note luncheon venue location change).
Beginning our 2023 Speaker Series, our Kick-Off presenter will be Mr. Rick Hulse, currently a Senior Technology Advisor with Team Logic IT of Columbus. He will be speaking at our January 11 OBBA meeting on “Minding The Technology Infrastructure of Businesses For Sale.” Rick has worked in and around technology for 20-plus years in capacities as manager, vice president, and owner, as well as being managing partner of an IT, cybersecurity, and application development firm here in Columbus. During such time he has also acquired and sold tech businesses with an eye on the state of their technology as a significant piece of the diligence puzzle.
As the digital economy and marketplace further demands our attention and commands our efforts, many businesses are susceptible to failure due to the lack of investment in technology infrastructure and security. We have all heard in recent news what happened with Southwest Airlines (Southwest) where inattention to technology advancement caused holiday travel nightmares for many. Talking heads have commented that Southwest experienced the meltdown because of lack of technology investment to update systems and applications. This allowed for handsome returns to their shareholders for quite some time, but we now see the painful result. As it turns out, the company will end-up paying a huge amount toward liabilities incurred from the lack of technology investment. With the Southwest “lookback” pointing to a lack of investment and not “minding” the technology infrastructure.
Scenario for Our Discussion: You may have a business to sell, or you are the entity financing or funding the sale, but have you had discussions with your business owner on what they have invested over the years on their tech? Is the state of the technology of the business for sale helping or hindering the effort to get to a transaction? Is the seller’s bad or non-secure tech seen as a major liability in the eyes of the buyer? Will the buyer need to approach the banker/lender for additional funding to get the business technology and security where it needs to be for success and safety going forward?
Rick will discuss how to assess and what to correct regarding the tech health of a business going up for sale. Don’t miss learning valuable insight to augment knowledge in your practice and service offerings.
Texas Association of Business Brokers
Make More Money in 2023 – How to 4-9X Your Annual Transaction Value
January 11, 12:00 PM – 2:00 PM
Online
Join us, as TABB partner’s with ActionCOACH of Texas for some valuable FREE training for our members! If you are trying to educate yourself and help your new or existing business grow, then register today and join us online!
New England Business Brokers Association
2023 Gala Annual Meeting
January 11, 4:00 PM – 8:00 PM
Double Tree Hotel, 5400 Computer Drive, Westborough, MA 01581
Market and Economic Expectations for 2023 and the Impact on Business Sales
4:00-5:00 – Board Meeting (open to all members)
5:00-6:15 – Networking & Cocktails
6:15-7:00 – Dinner
7:00-7:15 – Committee Updates and Introductions
7:15-8:00 – Program
Please join us on January 11th for our Annual Gala featuring Terry Sylvester Charron, Senior Principal, Investment Strategy at BNY Mellon Wealth Management as our guest speaker.
First join us for networking at 5 pm at our own private bar and appetizers where Jordan Richmond from Ameris Bank and Kevin Nery from Nery Corp will be sponsoring your first two drinks and appetizers. Cash bar for any additional drinks. Please visit Linda at the sign in table to pick up your drink ticket before heading to the bar.
Market and Economic Expectations for 2023 and the Impact on Business Sales
NEBBA is kicking off 2023 with a bang, bringing Terry Charron from BNY Mellon to be our featured speaker at our Annual Gala on January 11th. In this uncertain economic environment, it is important to understand market cycles and trends and how that can affect the sale of small businesses. Speaker Terry Charron will forecast what we expect from the market in 2023 and how to prepare our clients for these changes and be able to successfully sell their companies.
