{"id":2051,"date":"2019-04-30T11:30:53","date_gmt":"2019-04-30T16:30:53","guid":{"rendered":"https:\/\/www.sunbeltnetwork.com\/cincinnati-oh\/?p=2051"},"modified":"2025-02-20T15:51:05","modified_gmt":"2025-02-20T15:51:05","slug":"a-gamblers-advice-for-business","status":"publish","type":"post","link":"https:\/\/www.sunbeltnetwork.com\/cincinnati-oh\/a-gamblers-advice-for-business\/","title":{"rendered":"A Gambler’s Advice for Business"},"content":{"rendered":"

You gotta know when to hold em, know when to fold em\u2026\u2026.<\/p>\n

Members of a certain generation can already complete the word of a song detailing a late-night meeting on a train “bound for nowhere” between the narrator and a man known only as the Gambler. The gambler spends his days trusting his sense of people and moved by what he sees on the narrator\u2019s face, the Gambler offers this advice<\/p>\n

You’ve got to know when to hold ’em, know when to fold ’em,
\nKnow when to walk away, know when to run.
\nYou never count your money when you’re sittin’ at the table,<\/p>\n

There’ll be time enough for countin’ when the dealin’s done.<\/p>\n

This song was first recorded in 1975 yet it\u2019s one that\u2019s stuck in popular culture precisely because the advice is so universal.\u00a0 And whether you\u2019re gambling with a business or a straight flush, knowing what it takes to win is key.<\/p>\n


\nKnow When to Hold Em<\/strong><\/p>\n

Gambling is about knowing what to throw away and what to keep according to the gambler and that\u2019s great advice for the business owner.\u00a0 Knowing a business is worth holding onto \u2013 even in challenging economic times gives you an edge.\u00a0 But how can you know?\u00a0 One clue is in the type of business. Pay attention to industries that are expanding: in 2019, Senior Care, Social Media, HVAC and Pet-Related business are expected to continue expanding.\u00a0 The key is simply knowing the market trends.\u00a0 That\u2019s where your Sunbelt Network partners come in.\u00a0 We take the time to learn about the trends and help keep you on top.\u00a0 (For more information on businesses expected to be profitable in 2019, check out our blog: https:\/\/www.sunbeltnetwork.com\/buying-a-business\/businesses-to-buy-in-2019\/<\/a>)<\/p>\n

 <\/p>\n

Know When to Fold Em<\/strong><\/p>\n

Selling a business is never easy but when the time comes to fold, walk away or run it\u2019s vital to have a strong business partner beside you.\u00a0 Starting with a Broker\u2019s Opinion of Value (or BOV) can provide a jumping off point.\u00a0 A BOV is a broker\u2019s opinion of what a business may sell for, based upon personal analysis, industry expertise, knowledge of local markets and lending, and comparable past sales. While not a formal business valuation<\/a>, an experienced business broker should be able to deliver a BOV and articulate a realistic Most Probable Sales Price (MPSP) range.\u00a0 This lets you set the terms of the table right up front so that as you walk away, the next gambler can step up to success.\u00a0 (for more details review our website section on Valuations: https:\/\/www.sunbeltnetwork.com\/valuations\/<\/a>)<\/p>\n

 <\/p>\n

When the Dealin\u2019s Done<\/strong><\/p>\n

Buying, selling, merging or anywhere in between is a risk.\u00a0 Strong partners can help you navigate the hand you\u2019ve been dealt, and a Sunbelt Business intermediary can be an ace you can keep.\u00a0 Contact us today.<\/p>\n","protected":false},"excerpt":{"rendered":"

You gotta know when to hold em, know when to fold em\u2026\u2026. Members of a certain generation can already complete the word of a song detailing a late-night meeting on a train “bound for nowhere” between the narrator and a man known only as the Gambler. The gambler spends his days trusting his sense of […]<\/p>\n","protected":false},"author":51,"featured_media":11700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selling-a-business"],"acf":[],"yoast_head":"\nA Gambler's Advice for Business - Sunbelt of Cincinnati<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sunbeltnetwork.com\/cincinnati-oh\/a-gamblers-advice-for-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Gambler's Advice for Business - Sunbelt of Cincinnati\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sunbeltnetwork.com\/cincinnati-oh\/a-gamblers-advice-for-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Sunbelt of Cincinnati\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-30T16:30:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-20T15:51:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sunbeltnetwork.com\/cincinnati-oh\/wp-content\/uploads\/sites\/23\/2019\/07\/sunbelt-news-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gerrychadwick\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gerrychadwick\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/a-gamblers-advice-for-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/a-gamblers-advice-for-business\\\/\"},\"author\":{\"name\":\"gerrychadwick\",\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/#\\\/schema\\\/person\\\/d86ad886b16daf30e4fe9049bfdfad9d\"},\"headline\":\"A Gambler’s Advice for Business\",\"datePublished\":\"2019-04-30T16:30:53+00:00\",\"dateModified\":\"2025-02-20T15:51:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/a-gamblers-advice-for-business\\\/\"},\"wordCount\":490,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/a-gamblers-advice-for-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2019\\\/07\\\/sunbelt-news-cover.jpg\",\"articleSection\":[\"Selling A Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/a-gamblers-advice-for-business\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/a-gamblers-advice-for-business\\\/\",\"url\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/cincinnati-oh\\\/a-gamblers-advice-for-business\\\/\",\"name\":\"A Gambler's Advice for Business - 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