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. 153 | Learn about Second Chance Hiring with John Koufos Owner of Cottage Four
Ep. 152 | Learn about the Florida High Tech Corridor with CEO Paul Sohl
Ep. 150 | Learn all about the Indian River State College Promise Program with President Dr. Timothy Moore
Ep. 149 | The Future of Affordable Healthcare with Florida Blue Vice President of Local Commercial Markets Nick Tant
New Series | Small Biz Florida Attended the Florida Chamber Future of Florida Forum in Orlando, Florida
Ep. 148 | Innovative Way for Manufacturers to Hire Help with Wes Wood Workforce Partnerships Lead, Southeast for Veryable | MakeMore Manufacturing Summit 2022 Series
Ep. 147 | Learn How Florida TaxWatch is Doing to Build Florida’s Workforce with Executive Vice President Tony Caravajal | MakeMore Manufacturing Summit 2022 Series
Ep. 145 | LT3 Group is Florida’s Innovative Solution to Workforce Infrastructure, Find Out Why with Michael Hamilton | MakeMore Manufacturing Summit 2022 Series
Ep. 144 | Explore What the Manufacturing Landscape Looks Like from the P.O.V of a Manufacturer with John Krug Senior Manager at Niagara Bottling | MakeMore Manufacturing Summit 2022 Series
Ep. 143 | Learn More about TriNet a Full-Service HR Solution Company with Jake Stebbins Director of Sales | MakeMore Manufacturing Summit 2022 Series
Ep. 142 | The Florida Chamber’s Vision for 2030 Explained with Ivette Faulkner Executive Vice President of Strategic Communication and Marketing | MakeMore Manufacturing Summit 2022 Series
Ep. 141 | Explore the Ways in Which Millenials Changed Work Norms with Gerry Hoeffner President of Personnel Dynamics Consulting Group | MakeMore Manufacturing Summit 2022 Series
Ep. 140 | Lightcast is Unlocking New Possibilities in the Labor Market. Find Out How with Dr. Christopher Laney Senior Workforce Strategist at Lightcast | MakeMore Manufacturing Summit 2022 Series
Ep. 139 | Rosie Riveters’ goal is to close the gender gap in STEM Find out More with Brittany Greer Executive Director of Rosie Riveters | MakeMore Manufacturing Summit 2022 Series
Ep. 138 | What is Convergence Learning? Find Out with Brandy Jackson CEO of Scoutlier by Aecern | MakeMore Manufacturing Summit 2022 Series
Ep. 137 | Exploring the Top 3 Things Employees Want from an Employer with Alex Vasquez, Vice President of ResourcesMFG | MakeMore Manufacturing Summit 2022 Series
Ep. 136 | Learn about Kira Labs with Founder & CEO David Rosen | MakeMore Manufacturing Summit 2022 Series
Ep. 135 | Learn about NDEAM with President & CEO of The Able Trust Allison Chase | MakeMore Manufacturing Summit 2022 Series
New Series | Small Biz Florida Attended the FloridaMakes MakeMore Summit in Orlando, Florida.
Ep. 134 | What Opportunities Exist for Entrepreneurs Looking into Franchising with Paul Santomauro, Director of Lending & Risk Products at FRANdata
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