Special thanks to Jonathan Stone of Phoenix Raceway for the suite experience and tour. Phoenix Raceway is a 1-mile, low-banked tri-oval racetrack in Avondale, Arizona, nearby Phoenix. Opened in 1964, it hosts two NASCAR race weekends annually, including the championship race since 2020. The track has also hosted CART, IndyCar… Read More »Phoenix Raceway
In order to avoid taxes, some business owners have found ways to hide what should have been shown as profits. Sometimes it’s pocketing cash, sometimes it’s moving revenues into another year and other creative ways. But when it comes time to claim how profitable the company really is, buyers aren’t… Read More »Tip 070 “Mystery profits” may not be recognized by buyers for the business — and certainly not by lenders!
Don’t miss out! The Six Figure Chicks: Phoenix Edition ebook is NOW available on Amazon for just $0.99! These powerful, game-changing stories are transforming lives, and YOU could be next! Ready to become a boss babe? Grab your copy before everyone else does! US: https://www.amazon.com/dp/B0DG9945RQ The following list is of… Read More »Six-Figure Chicks
Another amazing gathering with wonderful women! Denise Kaye educated us on options for aging. She told us that “You can age with intent…or you can accidentally age. Your daily choices will determine how your future will unfold.” She then shared that each person must make emotional and financial decisions at each phase.… Read More »WATT and The Cost of Aging
While multiples for businesses valued under $1 million have remained relatively stable, some fluctuation has occurred in the $2 million to $5 million range, with a full-point dip observed in Q2 2024. In contrast, the $5 million to $50 million segment has maintained high multiples, reflecting sustained strong buyer interest… Read More »Median Multiples Year-Over-Year, Q2 2021-2024
A seller’s market arises when the demand from potential buyers exceeds the supply of quality businesses available for sale, giving sellers a distinct advantage. In this scenario, sellers typically hold more leverage during negotiations, allowing them to command higher valuations and secure faster deal closures with more favorable terms. Overall,… Read More »Seller’s Market Sentiment Q2 2012-2024
Business brokers and lower middle market professionals are advising clients to anticipate an increase in alternative financing options compared to the past five years, with sellers generally being more receptive. In the Main Street market, 82% of sellers are offering more competitive interest rates on seller financing than traditional lenders,… Read More »Willing To Offer Lower Seller Financing Rates
Excited to share that NAWBO’s WealthWise Women series kicked off with Phoenix Mayor Kate Gallego and an incredible lineup of speakers—both women and one proud father dedicated to his daughters’ future! We heard practical insights and actionable strategies for building wealth and legacy through entrepreneurship. Melissa Blatt’s journey seeking VC… Read More »NAWBO’s WealthWise Women series
Lisa attended the event where Chris Frye was honored as the 2024 Phoenix Local Business Person of the Year, hosted by Benefit Intelligence, Inc. The event took place on Thursday, August 29th, from 5 PM to 7 PM at The Ostrich, a speakeasy beneath Crust Pizzeria in Chandler. It was… Read More »2024 Phoenix Local Business Person of the Year event
This morning’s Women at the Top meeting was truly inspiring! We kicked off by celebrating Heather Locke’s latest milestone with Hammersmith Support. Dawn Kennington-Bejar reminded us to get our Thanksgiving orders in for some delicious meals. Leslie Kland gave us a fascinating lesson on the history of engineering, highlighting Imhotep… Read More »WATT Breakfast