Archives for January 2018

Georgia Tourism is $60.8 Billion Industry

ATLANTA – Those out of town guests who visit the Peach State have a $60.8 billion economic impact and contribute $3.1 billion in state and local tax revenue. “With a record economic impact of $60.8 billion, Georgia’s tourism industry is a powerful economic development tool for local communities and our state as a whole,” said Gov. Nathan Deal, … [Read more...]

The Difficult Issues Often Attached to Valuing a Business

There is little doubt that valuing a business is often complex. In part, this complexity is due to the fact that business evaluation is subjective. The simple fact is that the value of a business is often left to the mercy of the person conducting the evaluation. Adding yet another level of complexity is the fact that the person conducting the … [Read more...]

What Do Buyers Want in a Company?

Selling your business doesn't have to feel like online dating, but for many sellers this is exactly what it can feel like. Many sellers are left wondering, “What exactly do buyers want to see in order to buy my company?” Working with a business broker is an excellent way to take some of the mystery out of this often elusive equation. In general, … [Read more...]

Brand Bank Chairman to Speak Jan. 30 to GABB

Michael Coles, chairman of Brand Bank and namesake of the Kennesaw State University College of Business, will speak on Jan. 30 to the state's business brokers about principles for success in business. His Jan. 30 speech to the Georgia Association of Business Brokers, the state's professional group for buying and selling businesses, will start … [Read more...]

A Short Story All Family-Owned Businesses Should Read

When it comes to selling a family-owned business there are no shortage of complicating factors, but one in particular pops up quite often. This article contains a true story about a popular family business that was built up from the ground up only to later meet a very sad ending. While this is just one story, there are countless similar … [Read more...]

Chilean Blueberries To Ship Into Savannah

Georgia's breakfast table just got a lot sweeter, with cheaper, fresher blueberries. U.S. Department of Agriculture has cleared the Port of Savannah to serve as a new entry port for Chilean blueberries, according to a news release posted Jan. 16, 2018 by the Georgia Ports Authority. Previously, the imported berries could only enter the U.S. … [Read more...]

Around the Web: A Month in Summary

A recent article from Divestopedia entitled “To Sell Your Business, Start with the End in Mind” explains the importance of planning your exit strategy in the early stages of your business. The article points out that emotion plays a big part in humans' decision making process, and when a potential buyer perceives that the owner has not prepared a … [Read more...]

2018 Predictions for Small and Medium-Sized Businesses

Access to the Atlanta Business Journal online is one of the benefits of membership in the Georgia Association of Business Brokers. Here's one of the reports with predictions for 2018. The report predicts that "the continued growth of the gig economy has strong potential to change the way SMB owners think about hiring." Read More … [Read more...]