Are You Ready for a Business Whiplash?

We are all excited to get back to business, but for certain, there is a little hesitancy and whiplash, that is the reason why Andy and Jessica are bringing some ideas to today's episode about how to approach the current concerns for businesses to prepare for this back-to-normal phase. Listing of the week: Chip Redmond (Central Florida) is selling a franchise that currently has 20 units specialized in healthy fresh food and juices, this particular shop is located in South Florida. They did $931,000 in sales in 2019. Price: $395,000. SDE: $190,000. Call Chip Redmond at (321) 299-6867 or email him at [email protected]. Key takeaways: [1:50] What is going to happen in the future of office place? Virtual, in-office, or hybrid? [4:07] A lot of time has been saved and applied more productively since remote working became the norm. [4:44] Consumers are now used to having things delivered to their door. [6:00] Andy and Jessica talk about the video conferencing abilities and preparedness. [8:30] Can you imagine everyone being back to the office and being on Zoom at the same time? [10:19] Many businesses have pivoted during the pandemic, coming out with new products, but are they making money with them? Will this still be a useful resource after the pandemic? [12:52] Returning to profitability. [14:55] What about the psychological factor? Let's not underestimate the anxiety everyone will experience going back to "normal." [18:11] There is going to be a boom in the economy. [20:53] Do you need to adapt your marketing strategies to this new phase? [22:28] This might be the time to start considering an exit plan. [25:11] Deal of the week: Nathaniel Ernest-Jones (South Florida) sold an engineering company based in the South of Miami. It took over two years to get to the closing table. Price: $1.3 million. [29:20] Listing of the week: Chip Redmond (Central Florida) is selling a franchise that currently has 20 units specialized in healthy fresh food and juices. Price: $395,000. SDE: $190,000. Mentioned in this Episode: The Deal Board Podcast Subscribe to The Deal Board Podcast YouTube Channel United Franchise Group Transworld Business Advisors Transworld on LinkedIn Transworld on Facebook Call us — (888) 711-9018 Email us [email protected] Email Nathaniel Ernest-Jones at [email protected] Call Chip Redmond at (321)299-6867 or email him at [email protected]

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