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ARE YOU READY TO SELL YOUR BUSINESS?

2020-10-14T19:18:06+00:00October 14th, 2020|Categories: Article|

Most Baby Boomer business owners, when asked when they plan to sell, will say “in about 3-5 years.”  After 5 years have passed, and you ask that same business owner the same question, their response will often be “in about 3-5 years.”  It might be the owner is just not ready to sell; it is difficult [...]

The Most Critical Factor in Achieving Your Goals May Surprise You

2020-10-06T16:01:52+00:00October 6th, 2020|Categories: Article|

As we roll into the fourth quarter of the year, you may be starting to consider your business goals for next year. Given how 2020 has gone, maybe your primary ambition is to survive in 2021. Perhaps you’re going to create a recurring revenue stream or finally hire that general manager. Or maybe you’ve decided to [...]

7 “Red Flag” Comments from Buyer’s

2020-09-14T17:40:17+00:00September 14th, 2020|Categories: Article, Selling a Business|

You’ve had a successful business and determined it’s time to sell and retire.  You’ve hired a business intermediary and the process has begun.  You begin talking with individuals and acquisition firms.  As part of the process you have initial conversations with your potential buyers. As you get to know your potential buyers you want to listen [...]

3 Things Wealthy Business Owners Do Differently

2020-09-03T18:23:11+00:00September 3rd, 2020|Categories: Article|

Much is made of analyzing the personality traits of successful entrepreneurs. Some appear outgoing. Others are introverts. Some lean right, others left. Some are flashy. Others are monk-like with their money. Their diversity can lead one to the conclusion that there are no common personality traits among successful founders. Rather than trying to understand who they [...]

Buyers, already motivated, fueled by SBA incentives

2020-08-20T19:15:16+00:00August 20th, 2020|Categories: Article|

SBA relief efforts are incentivizing buyers to move ahead with business acquisitions. Per the SBA website, "the SBA will pay six months of principal, interest, and any associated fees that borrowers owe for all current ... as well as new 7(a), 504, and microloans disbursed prior to September 27, 2020." This is a massive incentive. The [...]

Raising Your Business Like a Child

2020-08-11T18:42:25+00:00August 11th, 2020|Categories: Article, Buying & Selling Businesses|

Why did you decide to become an entrepreneur? If you’re like most owners, you aspire to have the freedom that comes from owning your own business: The freedom to decide how you spend your time The freedom to choose whom to work with and to avoid people who drain your energy The freedom to make as [...]

Teamwork Leadership Development Presentation

2020-07-15T18:15:23+00:00July 15th, 2020|Categories: Article|

Don't miss the first Leadership Development Presentation sponsored by the Rotary Club of Edina. Transitions In Business president Sam Thompson will lead the first presentation on Teamwork. Who: Open to anyone (sponsored by The Rotary Club of Edina) When:  July 21st, 2020 from 6:00 to 7:00pm Where: Online (a link will be provided upon registration) Registration [...]

3 Ways to Get Your Life Back

2020-07-14T17:08:55+00:00July 14th, 2020|Categories: Article|

How’s your workload these days? If the pandemic has forced you back into the weeds of your business, you’re not alone. Many owners are again doing tasks they haven’t done in years because they have had to lay off front-line staff or their employees have fallen ill or are caring for someone in need. Being back [...]

6 Ways to Overcome a Business Trauma

2020-06-01T22:04:04+00:00June 1st, 2020|Categories: Article|

“As we weather through another business downturn there are things a business owner can do now to physically and mentally get through the pain. The following three options will help you decide what your next move should be,” states Sam Thompson, a Minneapolis business broker and president of Transitions In Business. Post-Traumatic Stress Disorder (PTSD) is [...]

8 Steps for Turning a Service into a Product

2020-05-07T16:12:16+00:00May 7th, 2020|Categories: Article|

Does your business offer a service or a product that you differentiate through a higher level of service? If so, you’re probably disproportionately impacted by the economic disruption caused by the coronavirus pandemic. Consumers are cutting back on services right now to avoid human contact and conserve cash, but we are still buying products that solve [...]

About Transitions in Business

Transitions In Business is an independent firm, servicing medium sized businesses and their respective buyers. Our vision is to effectively guide corporate ownership through the many obstacles of mergers and acquisitions by confidently offering a clear and honest partnership. Our process includes confidentially engaging and vetting qualified buyers that will maximize the transaction benefits for both the seller and the buyer of a business.
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