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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
There is no perfect business. Every business has challenges and you’re business will be a shining star in buyer’s eyes, if you disclose them early, and have a plan to help the buyers mitigate those challenges. Stack the cards in your favor by fully disclosing the warts. Full disclosure is the best chance of actually closing the sale with the best price.
Jun 4, 2019 10:44:55 AMRead Blog
Retirement can be a little scary with the unknowns, but so were kindergarten, graduation, weddings, and all the other “first time’s” you have survived. Have fun! Purchasing a business can be a great chance to earn extra income, and provide a purpose while doing something you enjoy in your retirement. You can be your own boss and determine your own destiny. Starting a business from scratch can be risky, slow to cash flow and require more of your time and effort just to get it off the ground than desired. Purchasing a business with ongoing operations, can be profitable from day 1 with ready made customers, and processes.
May 31, 2019 12:13:36 PMRead Blog