In this episode of Small Biz Florida, we sit down with Terri Sherman, a business intermediary and key player at the Florida Business Exchange. Terri's journey into the world of business brokering is an intriguing tale of serendipity that opens up a whole new world of possibilities for entrepreneurs.
Terri discusses the immense potential of acquiring existing businesses as a path to entrepreneurship. With lower risk and the opportunity to inherit employees, inventory, assets, and leases, this approach is like "flipping cash flow." She highlights how this model reduces risk and provides a shortcut to business ownership.
Discover the valuable role that business brokers play in connecting buyers and sellers, ensuring confidentiality throughout the process. Terri emphasizes that, much like real estate agents for homes, business brokers help entrepreneurs find the right match for their aspirations.
Terri also sheds light on the financing options available, including SBA financing and seller financing, making business acquisition a viable option. She encourages potential buyers to explore existing cash-flowing businesses in sectors they're passionate about.
Listen in to learn how you can leverage Terri's expertise and the Florida Business Exchange to kickstart your entrepreneurial journey and take advantage of the opportunities in the business acquisition landscape. Recorded live at this year’s Florida SBDC Network Small Business Success Summit hosted at The Westin Fort Lauderdale Beach Resort.
Learn more about Florida Business Exchange: https://fbxbrokers.com/
Work with Terri: https://www.mindyourbusinesstoday.com/
Ep. 173 | All About the Town of Greenville with CEO/CFO, Lee Jones | FREDC 2023 Series
Ep. 172 | Get to Know: Laura DiBella Secretary of Commerce, President, and CEO at Enterprise Florida | FREDC 2023 Series
Ep. 171 | Learn How Liberty Partners of Tallahassee is Helping Rural Florida Grow with Owner/President, Jennifer Green | FREDC 2023 Series
Ep. 170 | Discover Florida’s Great Northwest with President & CEO Jennifer Conoley | FREDC 2023 Series
Ep. 169 | Exploring Florida’s Rural Economies with Richard Williams, Executive Director at Opportunity Florida | FREDC 2023 Series
Ep. 168 | What does the Future of Housing Look Like with Zachary Mannheimer, Founder & CEO of Alquist 3D | FREDC 2023 Series
Ep. 167 | How does “Jobs For Florida Graduates” Work with CEO Heather Beaven | FREDC 2023 Series
Ep. 166 | Learn About Florida’s Rural Economy with Chief Economist Dr. Jerry Parrish | FREDC 2023 Series
Ep. 165 | Exploring the future of Broadband in Rural Florida with Christopher Campbell | FREDC 2023 Series
Ep. 164 | 2023 Hurricane Recovery Efforts Update with Sandra Lawson Public Affairs Specialist with SBA
Ep. 163 | Discussing SBA Disaster Assistance Program Resources with Public Affairs Specialist Sandra Lawson
Ep. 162 | All Things EIDL with Public Affairs Specialist for SBA Jack Camp
Ep. 161 | Florida SBDC at IRSC Bankers Event - Alex Sanchez President and CEO at Florida Bankers Association
Ep. 160 | Equipping teams, organizations, and companies to create high-performing teams, healthy cultures and overall organizational health with Bill “Roto” Reuter Founder of RotoSpeaks
Ep. 159 | Future of Healthcare with Moffitt Cancer Center Director of State Legislative Affairs Ellen Navarro Anderson
Ep. 158 | Discussing the Aftermath of the FloridaMakes MakeMore Summit with Zoraida Velasco Executive Vice President
Ep. 157 | Learn all about Film Florida with John Lux Executive Director at Film Florida
Ep. 156 | Learn How Step Up is Allowing Families to Personalize their Children’s K-12 Education Experience with Alexis Laroe, Assistant Director of Legislative Affairs at Step Up
Ep. 155 | Learn About Career Karma with Ruben Harris CEO of Career Karma and Co-Host of the Breaking Into Startups Podcast.
Ep. 154 | Why is Florida So Important for International Trade with Senior Vice President of International Trade for Enterprise Florida TJ Villamil
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money