Introducing S.B.E.N. (Small Business Exchange Network)
Very excited and humbled to formally introduce SBEN to the world! I want to take this opportunity to clearly articulate, The Why! Why SBEN? What problem it aims to solve and impact. How it will serve a large segment of small businesses transfer & transition and lastly, what separates SBEN's approach from how small businesses are currently bought and sold.
Definition of Insanity, “Doing the same thing over and over again and expect a different Result". is what comes to mind, when i see the process of business buying and selling today. Only 1 out of 5 small businesses that are listed for sale by brokers and all other intermediaries today, will actually sell. And these broker listed businesses only reflect less 20% of all US businesses.
Let me start by saying, SBEN is NOT a business broker. SBEN does NOT seek to be another intermediary, that represents business sellers for a "commission" upon a successful sale or charge a "fee" to potential business buyers to qualify them as serious buyers or to sell some "insiders training course" to qualify or prepare them for select "exclusive" opportunities or "off market" deals.
Let me also say, SBEN strongly believes in what business brokers do and is not competing to take the share of businesses for sale listings away from brokers. Business brokers facilitate & support complex transactions and help keep, both the buyers and sellers informed and on track through a very serious and life altering journey. SBEN looks to partner with business brokers to identify the millions of businesses that do not fit their listing criteria.
80% of small businesses that a business broker will encounter, will not fit the criteria of a sellable business, SBEN is here to help showcase those businesses. If you are a business broker reading this, I invite you to partner with us and help "solo ventures" or owner operated small business find a takeover candidate through SBEN. SBEN will do same for you, when we come across situations where the business owner would be better served with services of an experienced business broker. We strongly believe that helping preserve economic value and making a difference in people's lives is why we all do what we do!
SBEN is a media company with a very focused mission to match owner operated "solo ventures" with take over candidates that are aspiring to be self employed, a sentiment expressed by over 50% of all working Americans! Thats it! This is SBEN's mission & purpose.
As you can see in the image above, out of the 33.3 million small businesses in the US, over 27 million are without employees or are "solo ventures". This astronomical segment of US small businesses desperately lacks a platform, a community or a "Small Business Exchange Network" to credibly and securely feature & profile their businesses to recruit, mentor and train potential takeover candidates. According to industry estimates, an overwhelming majority (over 80%) of these "solo ventures" will NOT transfer beyond their current owners, leading to a tremendous loss of economic value and financial hardship for these business owners, whose life savings and earnings are tied in their business.
Unlike traditional business broker led sales transactions, SBEN will feature and highlight these businesses on its streaming network, SBEN.tv, along with Apple TV, Fire TV, Roku, Amazon Fire TV and both IOS and Android mobile app platforms, along with all of our social media channels. The goal is to help match you, the current business owner, with an ideal takeover candidate. There are millions of "solo ventures" that want to transition out of what they have built, whether it is retirement, illness or just burnout. And on the other side, there are individuals & families that would like to be self employed and aspire to be their own boss but lack the financial and other asset resources to buy with cash and or qualify to borrow, but are willing to work hard and invest their "sweat and time". SBEN's mission is to bring them together and keep the businesses operating and serving the customers and communities that depend on them.
If you are a "solo ventures", business owner and are considering transitioning out of your business, visit S.B.E.N. dot com and let us list and feature your business today. Listing with SBEN is easy, you will answer 5 quick questions. You can also record a short selfie video about you and what you do along with some pictures, if you like. We can help. Thats it! S..B.E.N. will even answer and screen your calls and email inquires for you.
Just remember, this is not a traditional business sale, it is a gradual transition and takeover. You will recoup your agreed up business value over a period of time. SBEN will make available attorney prepared transfer agreement, along with escrow services to make the transfer smooth, secure and efficient. One of my favorite quotes is "patience earns interest and impatience pays interest". If you have truly built a good "book of business", your life's work and your legacy will allow you to continue to earn an ongoing income and allow someone else to realize their dream of self employment and we at SBEN believe that is a win for us all!
This is the purpose and mission of SBEN. Visit www.SBEN.com for more information. We are all very excited about the mission and welcome partners that share in the mission and believe that they can further help SBEN in facilitating these business transfers.
Regards,
Aftab Jiwani, life long small business owner!
www.SBEN.com
www.SBEN.tv
P.S. SBEN allows potential business takeover candidates (individuals seeking to takeover an existing business with determination and a strong work ethic) to signup and set alerts on categories for types of businesses they are interested in taking over. If you are interested in taking over an existing business and are determined to be self employed, visit www.SBEN.com and sign up for alerts. Honesty, determination and a strong work ethic is all you need to be matched with a business of your dreams!
Labels: Business For takeover by Owner, SBEN, Sell my Business