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I got a call from someone who was in the process of purchasing a business from an Uncle. The buyer would pay for the business over time with the proceeds of the business, without having to get approved for a bank loan or provide cash for a deposit. Seems like a win-win, right?
Mar 11, 2020 5:21:03 PMRead Blog
Three Reasons to Buy An Established Business and Tips For Getting Started. If you are trying to decide between starting your own or buying an existing business this blog is a must-read. Buying an existing business may be the better decision, along with a couple of tips that potential buyers should keep in mind before making a purchase.
Jan 9, 2020 9:39:00 AMRead Blog
There has never been more effort and investment being placed into disruptive technologies in almost every industry as there is today. If you want to adapt, hang out with people who are not like you, and find out what they want from your business. If you are threatened by the disruption or just plain tired, perhaps its time to turn the reins over to a new buyer with more energy.
Sep 24, 2019 12:56:08 PMRead Blog
Most people are afraid of paying too much for a business right before a recession, but there are several counter-points to this concept to consider. Poor recession predictability, lending climates, and a closer look at the alternative risks of continued employment during a recession may make a business purchase look much less risky.
Sep 24, 2019 12:32:51 PMRead Blog
Most buyer and seller discussions revolve around the historical financial performance of the business. The amount of time analyzing, planning, and discussing the financial numbers dwarf other discussions about the business. However, business stats alone, while essential, are insufficient for a buyer to pull the trigger to make a buying decision. Every buying decision needs a WHY, and every why starts with your business story.
Jul 2, 2019 7:56:15 AMRead Blog
Gen Z's, people between the ages of 7 and 22 in 2019, are a larger percentage of the population than Millenials, Genx's, and Baby Boomers. To sell your business to them someday, you need to go where they are, on-line, and truly listent to them.
Jul 2, 2019 6:53:53 AMRead Blog
Great news for Minnesota startups. Governor Walz signed the Omnibus Tax Bill which reinstates the Angel Tax Program with up to $10 Million in credits.
Jun 27, 2019 5:50:00 AMRead Blog