Overall, advisors reported that nearly half (48%) of their clients were operating at normal capacity in Q3 from Q1. That includes 34% who had returned to normal operation after some level of reduction, 9% that remained unaffected through the pandemic, and 16% who had benefited. Another 35% are still at partial… Read More »1/3 Businesses Back to Full Operations
“Trying to do it all and expecting it all can be done exactly right is a recipe for disappointment. Perfection is the enemy.” ― Sheryl Sandberg Sheryl Kara Sandberg is the chief operating officer of Facebook, the founder of LeanIn.Org, and a philanthropist. In June 2012, she was elected to… Read More »Monday Mojo
If Congress extends PPP to allow eligible borrowers a second PPP loan (or new first time borrowers), would you re-apply / apply? 44% 1. Yes 25% 2. No 31% 3. Maybe Source: https://assets.nfib.com/nfibcom/Covid-19-Small-Business-Survey-13-Web.pdf Learn more about Delta Business Advisors at: https://deltabusinessadvisors.com or contact us @ 480-686-8062 | Lisa@DeltaBusinessAdvisors.com | Schedule a meeting with… Read More »3 in 4 Small Business Owners Will or Might Apply for New PPP
Happy Halloween from Delta Business Advisors
With the historic third-quarter growth, the United States in a single quarter has now recovered two-thirds of the economic output lost due to the pandemic during the first half of the year (Figure 1). In the recovery from the 2008-09 recession, it took 4 times as long to regain the… Read More »Level of Real GDP 10-29-2020, historic third-quarter growth
Americans predict they will spend an average $805 on Christmas gifts this year, significantly below their estimate a year ago ($942) and the lowest October holiday spending projection Gallup has measured since 2016. The sharp decline in Americans’ spending intentions since 2019 points to weak holiday sales for retailers. Source:… Read More »$805 – Average Amount $ Estimated for Christmas Spending
The more your business revolves around you, the more risk buyers see. To increase business value, build a strong management team. Work yourself out of the day-to-day business by developing an experienced, empowered management team. The less the business is dependent on you and your knowledge or relationships, the less… Read More »Work Yourself Out of a Job
BizBuySell’s 3rd quarter 2020 Insight Report found business sales remain strong in Phoenix. A new Dept. of Defense study found low risk of coronavirus infection in modern airplane cabins. Source: BizBuySell Learn more about Delta Business Advisors at: https://deltabusinessadvisors.com or contact us @ 480-686-8062 | Lisa@DeltaBusinessAdvisors.com | Schedule a meeting with Lisa: https://calendly.com/lisariley #DeltaBusinessAdvisors #MergersandAcquisitions… Read More »Top 10 Markets Where Small Businesses are Getting Sold!
BizBuySell’s 3rd quarter 2020 Insight Report found that although Q3 transactions dropped 16%, the financials of businesses that sold exhibited solid growth. The median revenue of sold businesses grew 14.2% from $554,763 to $633,494, while the median cash flow increased 8.1% from $125,000 to $135,119. Source: BizBuySell Learn more about Delta… Read More »Small Businesses Still Selling
“If you’re not [learning], you’re falling behind. Somebody else is getting better as you’re becoming less valuable. I see so many irrelevant salespeople I want to cry. They stopped learning.” Jill Konrath Jill Konrath is a sales strategist, speaker and the author of the sales books Selling to Big Companies… Read More »Monday Mojo: If you’re not [learning], you’re falling behind.