Down on Main is Beacon’s new publication. We’ll be covering everything to do with main street businesses: from getting started to operating best practices to planning for exits. We’ll have a few series of posts to get us started, and we hope you’ll get some value out of our content. Below is a little bit more about Beacon and the series we’ll be running.
Beacon was founded to bring liquidity to Main Street. Small businesses form the backbone of our nation. They are the coffee shops, the auto mechanics, the plumbers, and the restaurants. They keep our world turning and, in doing so, employ over 60 million Americans.
Yet for too long, the owners of these businesses poured their life’s work into starting and growing a small business only to liquidate and close up shop when it was time to retire. On the other side, hundreds of thousands of new businesses are started each quarter. Nearly half are closed within the first 5 years. They struggle to acquire customers and generate profit.
Our goal is to make it easier to buy and sell a small business. We’ll enable the current generation to retire soundly, while the next can unleash their entrepreneurial spirit.
Initial blog series
We’re going to be starting with three separate series, which we will detail below. They are designed to help educate business owners about buying, selling and operating small businesses. With that in mind, they won’t be fluffy or overly long. The focus is on being actionable and helpful.
If you ever have a question or topic you’d like us to consider, please don’t hesitate to reach out to us.
Series #1: Market insights
The market insights series is designed to keep you informed about trends we’re seeing in small businesses. Whether it’s the increase in alternative financing sources or guest posts by financial professionals, our goal is to make sure you have your finger on the pulse of Main Street.
Series #2: Operator interviews
The operator interviews series will be a collection of short interviews conducted with business owners across the U.S. We’ll cover everything from how they got started to the biggest problems they’re facing today. The purpose of this series is to share helpful strategies and tactics for navigating life as a business owner. In doing so, we hope to shine a spotlight on the small business owners who power our country.
Series #3: Strong foundations
The strong foundations series will be solely educational. We want business owners to have a strong educational foundation in the basics behind buying and selling a business. While every business and business owner is unique, the key components of transactions are quite common. We want you to go into any given transaction with your eyes wide open. Topics will include explaining common terms, diving into tax strategies and discussing how employee stock ownership plans (ESOPs) work.