Florida Business Broker in Sarasota & Bradenton

Economy

SMALL BUSINESS VALUATIONS IMPACTED BY INCREASING INTEREST RATES & INFLATION

The business for sale market grew modestly in 2022 with closing transactions up 4.7% over 2021, and 19% above 2020 sales. However, sales are still 7% below the 2019 pre-pandemic levels. With increasing interest rates and inflation, momentum of sales began to cool in the second half of 2022 with a reported total of 9,054

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BOOMING LABOR MARKET COULD HAVE FED KEEPING INTEREST RATES HIGH

The Fed raised its benchmark federal-funds rate by a quarter point to a range between 4.5-4.75% to try and slow the economic growth to a below-average pace to help weaken demand and attempt to restrain inflation. The economy appears to have more momentum than previously anticipated with January reporting a booming labor market with employers

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IMPACTS OF INFLATION ON SMALL BUSINESS

There is an increasing concern among small business owners about how inflation will affect the cost of doing business, including the possibility of higher overhead costs, inventory reductions, a reduction in marketing budgets, or an increase in the cost of services or merchandise to offset inflationary costs. There are ways to prepare and adapt to rising inflation costs as a

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BRITISH POUND HITS NEW HIGHS

GBP/USD has again hit fresh highs at 1.3842 and GBP/EUR reached a 10-day high at 1.1339. The movement appears to be triggered by news of French President Emmanuel Macron’s meeting with PM May, today, January 18, 2018. Although we are unsure of what these talks entail, discussions will likely be centered around Brexit, trade and

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BRITISH POUND STRONGER AGAINST US DOLLAR

UK Sterling increased this week following President Obama’s comments about whether the UK should remain in the European Union. The Pound has been under significant downward pressure recently, largely owing to the uncertainty of Britain’s future position in the European Union, ahead of June’s referendum. His pro-European position, backing UK Prime Minister Cameron’s ‘Stay’ canvassing

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