20 Predictions for the Next Decade (Part 2)

Transcript

Andrew and Jessica recommend that you listen to Part 1 with the first 10 predictions before moving on with this episode which brings 10 more predictions that will help you get ready for what the future decade is bringing to the business arena. The next decade is going to be a great one for businesses and franchises; they will continue to thrive as well as business brokerage, which will be even more prolific. Listen to these predictions from the business experts and please feel free to send Andy and Jessica yours!

Listing of the week: Rupesh Bharad and Steve McCue (Richmond, Virginia). Franchise in Central Virginia; $10 million in gross sales. SDE $400,000. SBA pre approved. Price $699,000. Motivated seller. Clean financials. Contact Steve at 757-690-3737 or email [email protected]

Key Takeaways

[:46] Prediction N° 11: The commission structure for buying and selling a business will change.
[3:29] Prediction N° 12: Predictive data will rule.
[6:47] Prediction N° 13: Business brokers will be much more prolific in closing businesses.
[8:38] Prediction N° 14: Specialization will be important.
[11:04] Prediction N° 15: There will be more cross-border deals.
[13:13] Prediction N° 16: Multiples will increase.
[15:54] Prediction N° 17: Cash will mostly disappear.
[18:13] Prediction N° 18: Books and records will continue to improve.
[20:10] Prediction N° 19: Franchising will continue to grow.
[21:38] Prediction N° 20: Associations will thrive.
[26:02] Deal of the week: Tom Gesimondo (Brooklyn). Irrigation for penthouses company in Manhattan, 800 upscale clients, seasonal work. Four offers in a month; the owners decided to sell to the perfect buyer. Purchase price: $1.3 million. SDE: $400,000.
[29:33] Listing of the week: Rupesh Bharad and Steve McCue (Richmond, Virginia). Franchise in Central Virginia; $10 million in gross sales. SDE $400,000. SBA pre-approved. Price $699,000.

Tweetables

“Predictions for the next decade: Business brokers will be able to make more money in the future.” #thedealboard #transworldbusinessadvisors #predictions #nextdecade #brokers #business

“Predictive data presents the possibility for being more proactive in marketing vs reacting.”
#thedealboard #transworldbusinessadvisors #predictions #nextdecade #predictivedata #marketing

“The world is unleashed to globalization in the business area.” #thedealboard #transworldbusinessadvisors #predictions #nextdecade #globalization #business

“More Americans will pursue the global economy in the next decade.” #thedealboard #transworldbusinessadvisors #predictions #nextdecade #global #economy

“The best kept secret in entrepreneurship is buying a business.” #thedealboard #transworldbusinessadvisors #predictions #nextdecade #buying #business #bestkeptsecret

“Cash is on its way out and we will become a digital currency society.” #thedealboard #transworldbusinessadvisors #predictions #nextdecade #cash #digital currency #business

Mentioned in This Episode

• The Deal Board Podcast
• United Franchise Group
• Transworld Business Advisors
• Transworld on Linkedin
• Transworld on Facebook
• Call us
• Email us
• Email Tom Gesimondo
• Call Steve McCue
• Email Steve McCue