How to Buy or Sell a Business Today: Broker Insights with Steven Hanson | Ep. 29 | My SBA Loan Pro

In this episode, Ryan sits down with Steven Hanson from Transworld Business Advisors, the largest business brokerage firm in the country. With a unique background ranging from geology to serving as the VP of a major medical device company, Steven shares his expert insights on how to successfully navigate the world of buying and selling businesses.Steven and Ryan discuss the current state of the market, noting that while the "Silver Tsunami" of retiring Baby Boomers is bringing more businesses for sale, there are still far more buyers than sellers. Steven warns against expensive seminars that promise you can buy a business with "no money down," explaining why sellers won't accept notes that don't pay out for a decade.In this episode, you will learn:Start Small: Why buying a "boring" business or a small pizza parlor is often the best way to get your entrepreneurial start.Buyer Credibility: Why you need a resume, a bio, and proof of funds to get a seat at the table with a broker.Valuation Reality: How brokers determine the true value of a business versus what a seller "needs" to retire.The 2026 Market: Why Steven is bullish on the market for 2026 and expects strong activity from Main Street to the lower middle market.Corporate to Entrepreneur: How Steven transitioned from the corporate world to owning his own brokerage office in San Diego.Whether you are a first-time buyer looking to leave your corporate job or a seasoned entrepreneur looking for your next acquisition, this episode is packed with practical advice on closing the deal.If you liked this content, let's connect on social media:Instagram: https://instagram.com/mysbaproTwitter: https://twitter.com/mysbaproLinkedIn: https://linkedin.com/in/ryanpatryckKey Chapters:0:00: Introduction2:41: Meet Steven Hansen & Transworld Business Advisors 4:24: From Geologist to Medical Device Executive 8:17: Learning M&A and Building Sales Teams in Corporate America 12:08: Transitioning Executive Skills to Business Brokerage 15:14: "Bob's Auto Shop": Is the Owner the Face of the Business? 17:54: Valuation Reality: The "Need" vs. The Market Value 22:09: Managing Unrealistic Seller Expectations 24:15: Market Dynamics: Supply, Demand, and the "Silver Tsunami" 29:26: How Buyers Can Build Credibility with Brokers 33:10: Private Equity Algorithms vs. Individual Buyers 36:40: Vetting Buyers: Proof of Funds & The "Johnny" Horror Story 41:54: The "No Money Down" Seminar Myth 45:02: SBA Lending Realities: Are You Ready to Drive? 47:58: The Dangers of Proprietary Searches (Cold Calling Sellers) 50:35: Why Professional Intermediaries Protect the Deal 55:27: 2026 Market Outlook & Closing ThoughtsMore Subject Matter Experts Playlisthttps://youtube.com/playlist?list=PL1...⁠More ThinkSBA Resources⁠https://calendly.com/thinksba - Schedule Callhttps://g.page/thinksba - Google Business Page & Reviewshttps://thinksba.com/faq - Frequently Asked Questionshttps://mysbaloanpro.com⁠ - My SBA Loan Pro Podcasthttp://youtube.com/@thinksba - YouTube Channel