In the past seven years Arizona has consistently outgrown the GDP of the US In 2022, Arizona’s GDP reached $341.8b, representing an increase of 2.5% from 2021. Arizona’s GDP has grown at an annualized rate of 1.3% over the five years to 2022. Moreover, Arizona’s trailing five-year GDP growth ranks… Read More »Arizona Economic Growth
The number of closed business deals is down slightly from last quarter. After five consecutive quarters of year-over-year growth, small business acquisition activity has slowed, according to BizBuySell’s Insight Report, which tracks and analyzes U.S. business-for-sale transactions and sentiment from business owners, buyers, and brokers. The number of closed deals… Read More »Completed Business Deals
As seller confidence drops, buyer confidence increases. Confidence among small business owners dropped to a score of 46 in 2022, down from 57 in 2021, according to BizBuySell’s Business for Sale Confidence Index, which measures the sentiments of over 3,000 business owners and buyers. A score of 46 falls within… Read More »Buyer and Seller Confidence
Interest rates affect the affordability of houses and businesses. if interest rates go up, the business needs to make more to be able to pay the interest on the loan. While economic volatility headlines news as the Federal Reserve is expected to increase rates by at least 125 basis points… Read More »Key Financials of Small Sold Businesses
Multiples are how we figure a go to market price. Price it too high and there is no interest, price it too low and you may not get top dollar. In contrast, small business buyer confidence has risen to a score of 54 in 2022, up from 48 in 2021,… Read More »Price Multiples
There are mutterings about global recession and that affects raw material prices. Copper miner Freeport-McMoRan’s Q3 profits plunged, thanks to declining prices for the metal, Matt writes. Why it matters: Because of its widespread usage in industrial applications, construction and electrical wiring, copper prices are seen as a bellwether for… Read More »Freeport-McMoRan Income
The median Sale and Asking prices are dropping. The gap is staying pretty consistent. More significant, small business asking prices in Q3 dropped 13% year-over-year and sale prices dropped 14%, respectively, correlating with weaker financials. Median revenue of sold businesses in Q3 declined 11% from Q2 and 7% from the… Read More »Median Sale And Asking Price
The Inflation has pushed the tax brackets higher. Don’t forget to check out the changes in your local state as well Congressional action from the Reagan era is about to provide some relief to taxpayers, Axios’ Emily Peck and Herb Scribner report. Federal tax brackets will be about 7% higher… Read More »Tax Brackets
Today we got new signage installed by Sierra Signs. This looks awesome and the letters are hand crafted out of aluminum.
VR usage is down among kids. Which I think is good thing. Good for kids to be outside playing and not with their face in a box. Last week, Mark Zuckerberg announced an exciting new feature in his company’s metaverse platform — legs. (Cue the memes.) Days later, The Information reported that Apple’s upcoming… Read More »VR Usage Is Down