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. 54 | David Denor, Publisher of Florida Trend Magazine | FEDC Conference 2021
Ep. 53 | Elevate Lake Director Tracy Garcia and Business Development Manager for Northeast Lake Mary Ellen Stern | FEDC Conference 2021
Ep. 52 | Vinny Muratore President, SBA Division at Stone Bank | FLAGGL Conference Series
Ep. 51 | Aaron Metaj Senior Vice President at Northwind Financial | FLAGGL Conference Series
Ep. 50 | Roy Messing Director of State Center Operations at EOX Network | FEDC Conference 2021
Ep. 49 | Dan Barrow with Veterans Florida | FEDC Conference 2021
Ep. 48 | Matt Chesnut Director of Economic Development at Space Florida | FEDC Conference 2021
Ep. 47 | Kaylee King Business Manager at Okeechobee County Economic Development Corp. | FEDC Conference 2021
Ep. 46 | Celebrating Women in Business Month at the Enterprise Hub at IRSC | FSBDC Special Segment
Ep. 45 | Matt Hedrick Project Leader at Florida Power & Light 35 Mules | FEDC Conference 2021
Ep. 44 | Xiomara Peña VP of External Engagement at Small Business Majority | Special Segment
Ep. 43 | Joey D‘Souza VP, External Engagement for The Able Trust | FEDC Conference
Ep. 42 | Kevin Carr CEO at Florida Makes | FEDC Conference
Ep. 41 | Lucienne Pears VP of Economic & Business Development of Babcock Ranch, FL | FEDC Conference
Ep. 40 | Wendy Norfleet Owner of Norfleet Integrated Solutions | JMI SBL Conference 2021
Ep. 39 | Jonathan Brimer Co Owner of Select Shades | JMI SBL Conference 2021
Ep. 38 | Jeff O‘ Hara Founder of AlliedPRA | JMI SBL Conference 2021
Ep. 37 | Vicky Zelen Owner of Zelen Risk Solutions | JMI SBL Conference 2021
Ep. 36 | Ramon Ray Founder of Smart Hustle | JMI SBL Conference 2021
Ep. 35 | Greg Britton CEO of Florida SBDC Network | Special Episode
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