Terry Kelm
speaker
321 appearances
1 recordings
1 series
first heard May 2019
last heard May 2019
Terry Kelm’s voice in public audio — every appearance, attributed to the second.
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Appearances
Uh we're seeing we're seeing that as well.
It it you know, the uh uh I look at the Minnesota unemployment, I think it's at uh right at three percent right now, which is, you know, never been this low in my lifetime than I've uh I've been here for uh for for many, many decades.
So it it's it it's an interesting time, um, you know, from that perspective.
And we we do have a lot of people who I think would be great
uh business buyers um who have decided to to remain in corporate America or go back to corporate America because the the j the job market uh dictates that there are opportunities for them.
uh to to do so.
Um that being said, uh, you know, we're still coming off twenty eighteen was still a record year for the number of transactions that got done.
And so when you when you y when you try to balance those two statements, well people are going back to work in corporate America and yet there was a record number of transactions getting done, that tells you that there is still very much an appetite for small business in this country.
uh for v for entrepreneurship in this country.
And of course franchising has always been the driving force behind behind most of that, or if if not uh a majority of that.
Um so we're still we're still able to see a lot of deals uh get done.
Um uh part of it's being fueled by the fact that there's uh there's a lot of businesses for sale.
Um
uh, you know, again as the baby boomers start exiting and they just and they're just the normal churn of people who, you know, are are selling their business for the right reasons.
They they bought it five years ago with the intent of growing it and selling it.
Uh maybe they're selling it for human reasons like uh sickness, divorce, uh you know, the partnership dissolution, those type of things.
Um so there there's just a there's just a uh uh there's a there's a good there's a good mix right now, a good balance still.
Even with un uh unemployment being as low as it is, there's still a very good balance
between the number of businesses that is for sale and the number of uh willing and and and enabled buyers.
And the buyers, by the way, Stan, if you if you look at you know what the economy means from the buy side of things
Showing 141–160 of 321 · page 8 of 17
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