When you’re thinking of buying or selling your business, don’t even consider going it alone, especially in this ever-changing business environment, Transworld CEO Andy Cagnetta told SFBW Editor-in-Chief Drew Limsky during their last webinar chat. This advice is even more compelling now, between the enduringly high interest rates and lack of inventory, new SBA rules and the new “Broker Simplification Act.”
Cagnetta, the CEO of the 26-year-old Fort Lauderdale-based advisory company that specializes in business brokerage, franchise consulting and franchise development, makes a convincing case for hiring the experts. “We tell people that we sell other people’s businesses,” he says. And what the seller should be doing during this process, he emphasizes, is continue to run their business—and nothing else—while the sales saga unfurls. Let the professionals at Transworld Business Advisors navigate choppy waters for you while you do what you do best.