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It's a New Year - Make Your Entrepreneurial Dreams Happen

Have you set a New Year's resolution for 2017 yet? Oftentimes, I see friends, family, and colleagues setting goals for ways to make their lives better in some way or to change a habit they've been meaning to let go of. While that's all great, I see resolutions a little differently. First, I ask myself this question: 

Where Do I Want to be This Time Next Year? 

It's a New Year - Let's Make Your Entrepreneurial Dreams HappenIt's open-ended enough where you can focus on nearly any area of your life. If you want to be doing exactly what it is you're doing and living exactly the way you're living, then keep doing what you're doing. If your mind wanders to dissatisfaction in your career or personal life, it might be time to start assessing your current situation and decide if that's good enough or not. 

While I consider myself a happy and fortunate entrepreneur, I can always identify areas where I want to grow and learn. Setting goals and creating action steps toward them helps me achieve greater things than I ever thought possible. If the place you'd like to be next year is a little more entrepreneurial, let's take some time to think about it. 

If You Want to Be a Business Owner ...

You've come to the right place. I wasn't born a business owner. I made numerous decisions (some good, some less so) and enlisted the help of others who were experts in areas where I wasn't. Being a business owner was a dream of mine, a dream that I made into reality. Now, I'm in the business of helping others become business owners.  

Many of the entrepreneurs of tomorrow are the working class of today. Most already have the passion, drive, and work ethic to run a business. More often than not, what they lack is experience in valuation, brokering, due diligence, and closing. And that is precisely where I come in. 

Transworld Business Advisors of Minnesota Can Help

At Transworld Business Advisors of Minnesota, we specialize in guiding individuals on their path to entrepreneurship. And your dream of buying a business could be a lot closer to becoming a reality than you think. If the place you'd like to be next year is different from where you are now, let's talk about goals. 

Your Goals Are Just The Beginning   Talk to a Business Advisor

Related Posts

Ten Steps To Selling Your Busines

Our Sellers except us to achieve the highest and best offer for their business while taking the least amount of their time away from it as possible. That is because the absolute best use of their time is to continue to run and grow the company.  If revenue or profits begin to decline, buyers will walk away or decrease their offer. Transworld's philosophy can be summed up in a ten step, how-to strategy that culminates with the sale of a company. This proven method has been used to sell hundreds of businesses.  Here are the steps. Step1 Comprehensive Business Analysis and Feedback As your business broker, the first thing in our how-to strategy is to analyze your operation, finances, market potential and industry trends. We take that information and advise you on steps to prepare your business for sale, and  generate a business profile that represents your company in the most attractive way possible. Step2 Sale Structure We identify the best possible price range to sell your company. This is based on solid facts, the condition of the market, projected growth, sales potential and the sale of similar businesses within your industry. Transworld’s experts apply sophisticated, time-proven valuation techniques to ensure that your price is appropriate for the current market condition. The price must not be too high or too low. Yet, it must represent an attractive investment potential for the buyer. Step3 Confidentially Network The Business For Sale During the selling process, we utilize the latest technology to present your company to other business brokers and strategic buyers all over the world. This greatly multiplies the effort in your favor. With Transworld Business Advisors, you have literally thousands of industry professionals confidentially representing your company to buyers.   Step4 Confidentially Advertise To Buyers Our aggressive marketing program ensures your confidentiality and provides maximum exposure for your company. Your listing is placed in various industry databases, Internet sites, and publications which are constantly updated. We spend more money in advertising and marketing for buyers than anyone else in our industry. Step5 Control The Information Flow We organize all necessary documentation and release information only as needed. We use limited information when advertising to maintain confidentiality. Buyers are pre-qualified and required to execute a confidentiality agreement before receiving any sensitive business information. Step6 Create Competition For Your Company We attract thousands of buyers, creating competition for your business. Buyers are qualified for financial ability to meet the offer, and we engage you with only the most qualified buyers. Once you meet the best of the buyers, we urge them to prepare and present all offers. We can continue to engage potential buyers on your behalf as negotiation on an offer is in process and have another interested party ready to go should a buyer change their mind. Step7 We Negotiate For You To Achieve The Best Price Appropriate negotiation is crucial to achieving your best price and terms. We have the expertise to establish sound and resourceful negotiating techniques on your behalf. Transworld has trained all of its agents in the art of negotiating through curriculum that we have created specifically for our industry. Never negotiate without planning, expertise, or from a position of weakness. Step8 We Provide Exceptional Support To You Through The Due Diligence Process We take pride in our exceptional service. Only half of the job is finding the right buyer who will pay your price and meet your terms. The other half is getting that buyer to the closing table. We quarterback the deal, work with the accountants, lawyers, banks, landlords, and other third parties that could jeopardize the success of the transaction. We realize that you depend on us to guide you through the sale of your business. We make the transition simple and easy for you. We know when an opportunity for you may arise and are always there to take advantage of it. We also know when someone is trying to kill your deal or is being unreasonable and how to handle those situations. Step9 We Are There From Beginning To The Closing We help manage all administrative procedures, licenses, inventory counts and lease assignments that may be required. Transworld works closely with your advisors to ensure a smooth transition. Using the latest technology, we strive to be ready to work on your behalf to get the deal done! Step10 We Are There For The Transitional Phase And Beyond! Because we are in the business community, you may want to consult us from time to time after the sale. We will provide you with the assistance after closing. Transworld will always remain in your corner! Schedule Consultation Now

5 Tips For Keeping Your Business Sale Confidential

When selling your company, it is crucial for the health of the business and its future that the sale remain confidential. If your customers, vendors or employees learn it is for sale, it could have a negative impact on value.  Learning of a business sale may encourage customers to replace your product or service, employees to look for more secure employment, and vendors to demand payment of invoices.   If the value of your business is impacted, you will lose negotiating power with buyers and will not get the highest and best offer for it.  One way to protect the confidentiality during the sales process is to work with a business advisor, who will work on your behalf, use best practices, and allow you to continue to run your business.  Here are some tips we share with sellers on  keeping a sale confidential.

The SBA Will Pay Your New Business Loan For Six Months

Why You Should Buy That Business Now There are renewed benefits to using an SBA 7A Business loan to purchase a business.  But you  may have to act quickly to take advantage of it, because they money is expected to run out before the September deadline.  The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (The Economic Aid Act) was signed in to law on December 27th, 2020.  Included in this legislation:

Your Goals Are Just the Beginning

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