Chair’s Letter
Happy New Year! 2025 here, and with it comes change – change in how we do business, in the technology we use, and in the strategies that drive success. As Business Brokers, we must stay ahead of these shifts, adapt, and continue to grow. One of the best ways to prepare is through education. BBF offers a wealth of learning opportunities, from webinars to in-person...Read More
Help! My Seller Won’t Listen!
In the business brokerage world, a successful sale depends on far more than just finding the right buyer. A key factor is working with sellers who are flexible and willing to trust their broker’s guidance. Selling a business is often a complex, emotional process, and it’s not uncommon for sellers to have difficulty compromising. As brokers, it’s our responsibility to help...Read More
Business Interruption Insurance
There are two primary causes of a business stoppage or slow down: Damage due to wind or flood or both, fire or explosion or supply chain failures. Cybersecurity attacks that cause financial loss, damage to the firm’s reputation, and possibly legal and regulatory consequences. Business interruption insurance deals with lost profits and “excess...Read More
Embracing the Challenge: Why You Should Strive to Do Hard Things in Life
Embracing failure as a natural part of the journey allows you to take risks without the fear of making mistakes. Don’t have paralysis by analysis. In a world that often celebrates ease and comfort, there is immense value in deliberately choosing to tackle hard things. The process of challenging one self, stepping out of comfort zones, and pursuing difficult goals...Read MoreChair’s Letter
Reflecting on a Remarkable 2024 for BBF As we approach the end of 2024, it’s hard to believe how quickly this year has flown by. It has been an incredible honor to serve as your State Chairman for the Business Brokers of Florida (BBF). This year has been a remarkable one for our organization, and I am proud of what we have accomplished together....Read More
Seven Reasons Why a Buyer May Expect Working Capital to be Included in the Sale Price of a Business
What is working capital? Working capital represents the short-term liquidity and financial health of a business. Positive working capital can indicate the business is well-managed and financially stable. Working capital is the money available to meet current, short-term obligations. It is calculated by subtracting short-term liabilities from short-term assets. Short liabilities...Read More
SBA Disaster Assistance for Businesses Affected by Hurricane Helene
In light of the devastation from Hurricane Helene, we want to provide some information that may be helpful in providing assistance to businesses that have been affected by Hurricane Helene. For 7(a) loans that are not sold on the secondary market, Lenders may: Grant payment deferments of up to 6 consecutive months (No SBA notification required) Extend...Read More