Ep. 282 | Opportunities in Small Business Acquisition: Insights from Florida Business Exchange's Terry Sherman
In this episode of Small Biz Florida, host Tom Kindred sits down with Terry Sherman, a Certified Business Intermediary with the Florida Business Exchange, live from the 2024 Annual Small Business Success Summit in Ponte Vedra, Florida. Terry shares her expertise on the booming small business acquisition market in Florida, driven by the 'silver tsunami'—the wave of baby boomers retiring and selling their businesses. She explains how the Florida Business Exchange connects buyers and sellers, offering key insights into the advantages of acquiring an existing business versus starting from scratch. Terry also touches on the SBA loan products available to finance these acquisitions and the vital role innovation plays in turning around underperforming businesses. This episode is packed with essential strategies and tips for aspiring business owners looking to enter the world of business acquisition. This podcast episode was recorded live at the Small Business Success Summit hosted at the Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, FL. This podcast is made possible by the Florida SBDC Network and sponsored by Florida First Capital. Connect with Our Guest: Florida Business Exchange