Michael Meyer Hosts Virtual M&A Industry Meeting

PRINCETON, N.J. - Oct. 28, 2021 - PRLog -- Michael Meyer, partner at the Benjamin Ross Group (https://www.benjaminrossgroup.com/) and President of the Pennsylvania Business Brokers Association (https://www.pennbba.com/) (PBBA), hosted a virtual industry meeting with PBBA members, along with leading Small Business Administration (SBA) lenders.

Some highlights and conclusions of the meeting are as follows:

How Cybersecurity Issues Could Impact the Salability and Business Value - Cybersecurity issues are only getting worse due to a recent surge in ransomware attacks. The volume of security incidents has soared in recent years. Over half of business owners say they have encountered a cybersecurity issue that has affected their business in some way. Whether a seller suffers a breach years before a deal or during the transaction, the consequences can influence the value of the business. As Business Brokers, we should certainly ask the tough questions upfront.

SBA lenders expressed they are still aggressively lending for business acquisitions and operating on all cylinders, helping small business clients acquire businesses and ramp up operations with Small Business Administration (SBA) loans.

Due Diligence in the Pandemic World:  Meyer stated, "In addition to all the normal items we look at and consider when we do our own due diligence before representing a business, what additional items should we consider in a pandemic world, and what are buyers top concerns?" The top items of discussion were the following:

Taking a closer look at the financials to determine whether the business has been affected by the pandemic, either positively or negatively; the status of the company's workforce; how the business adjusted to support remote working environments for employees; supply chain management issues:  Meyer said, "We should understand the business's level of dependence on particular suppliers, the availability of alternatives, existing and projected inventory levels and forecasts."

Michael Meyer (https://www.benjaminrossgroup.com/michael-meyer/) stated, "During the pandemic, I've seen so many businesses make the necessary adjustments, create ways to get their products and services to their customers and clients, or produce new products created out of demand because of the pandemic. Entrepreneurs are very resilient people, and their human spirit remains strong."

About Benjamin Ross Group: Benjamin Ross Group represents business owners who want to sell their businesses and leave their employees and customers in capable hands.  For more information, visit our website at www.BenjaminRossGroup.com