RVA Connected With Anna Sothen
Tune in as Anna Sothen highlights local business owners and leaders in Richmond, Virginia.
RVA Connected With Anna Sothen
5 Misconceptions About Mergers and Acquisitions with Erica Baez-Grimes
Ever wondered why individuals sell their businesses?
Join the conversation sparked by Erica Baez(powerhouse) Grimes as she delves into the diverse motivations behind business sales, the critical role of business brokers, and the importance of exit strategies.
Erica is a distinguished M&A advisor and business broker with Transworld Business Advisors, renowned for her strategic approach to mergers and acquisitions. Emphasizing the importance of aligning acquisitions with one's passions, Erica advises potential buyers to thoroughly understand what they enjoy and what activities they prefer to avoid, ensuring a fulfilling business experience. She also highlights the critical role of financial readiness, discussing the importance of clean financials, available funds for investment, and understanding lending options before pursuing a company. With her strong social media presence and commitment to thorough vetting processes, Erica has become a trusted guide in the industry, aiding clients in achieving successful and discreet transactions.
Timestamped Outline
(00:06:10) Maximizing Business Sale Value through Brokers
(00:10:03) Financial and Pricing Strategy for SalesReadiness
(00:13:34) Strategic Acquisition for Diversified Business Portfolio
(00:15:15) Seller-Buyer Relationship in Business Acquisition
(00:20:46) Global Business Brokerage: Trust in M&A
(00:24:58) Strategic Business Expansion through Acquisitions
(00:29:44) Consultant Transition Period for Business Sellers(00:34:17) "SBA Prequalification for Buying a Business"
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