Why would anyone buy a business prior to a re..rec…recession?

Research Before Buying

I like numbers and stats. I enjoy analyzing earning trends, comparing price multiples, and studying buyer cash flow analyses. To most people, that doesn’t sound exciting, but it can be a beautiful thing to paint a picture of a successful business with numbers. It is critical that a business for sale is priced where it makes sense for the buyer to purchase it. For buyers to make an offer, the business must have sufficient earnings to support three things:

Most business owners are still trying to figure out the Millennials, but don’t forget there’s another age group hot on their trail and they will be shaping the future of all industries soon. It’s time to get ready now if we hope to sell our products, services, and especially our businesses to them someday.

~$10 million available in 2019; with an additional $10 million available in 2021~

Guest Blog by Jonathan Thielen I just sold our business for eleven times profit or 2.5 times revenue. Many in the industry would call this a successful sale. The company is a rental and employment screening company conducting background checks on people. I get this question often. "How did you capture the full value of the company and/or sell it for those multiples?" I even get that from my private equity friends. Read on for a breakdown on how we did it, and takeaways on how you can, too.

Not a Record to Brag About

As people approach retirement age, two fundamental questions can result in a little anxiety and hand wringing. What if I out-live my retirement funding? and Now what am I going to do? Even if you love your career, many industries have mandated retirement ages. Many people find themselves with a “forced” question of retirement as employers downsize, offer attractive early retirement options, or just close the doors. Hopefully, we will all be faced with the” Now what?” question. Rather than getting stressed with the question, view it as a successful milestone. It’s a good thing to be at this point in your life.

It's been 20 years since Minnesota has seen an income tax rate cut. But today the Minnesota Senate Republican Caucus published a press release with welcome news.