“This is an interesting interview," stated Sam Thompson, Minneapolis business broker and president of Transitions In Business, "in which the business owner (seller) explains how his investment banker showed him how to buy time with the initial buyer in order to bring in additonal buyers. The seller also shares detailed examples of how grueling due diligence [...]
“This is a true American success story in which two guys came up with an idea, had a reliable vendor, used creative marketing and worked extremely hard to build an incredible business. As they grew the business they realized they reached a point where they needed to bring in a buyer to help them take their [...]
"Listening to this podcast, I can certainly relate to this owners’ situation as I too had a hospitality business for 29 years that included hiring part time tour guide services." said Sam Thompson, President of Transitions In Business an Edina, MN based mergers and acquisitions firm. "Planning incentive retreats for part time employees can often times [...]
Pathfinder Health offered software to therapists helping patients with Autism. The company founder was creative, but the company had reached a plateau. Tina Youngblood was brought in as a hired gun to turn things around and get the company ready to sell. Within one year, Youngblood had fixed the culture and financials and stabilized the product. [...]
One of the first steps in selling your business is to have your business intermediary complete a valuation of your company. On occasion, after a valuation is provided, the business owner will ask, “Why sell my business if I can make what’s offered in 3-4 years?”. An example of this would be a business that has [...]
A new decade always comes with a slew of predictions that can be scary. Will a new superbug take hold? Will the stock market crash? Will the economy tank? These are all excellent questions, but without a crystal ball, you can feel helpless. However, there are three practical steps you can take to inoculate yourself from [...]
In the last two weeks, we’ve seen a passenger jet shot out of the sky. A super-bug has emerged in Asia. A bun fight in the democratic primaries which will look like a schoolyard tussle compared to the bare-knuckle cage match we’re about to witness in the race to become — or remain — the leader [...]
When Scott Raymond started buying real estate, he looked for a property management company to maintain his buildings. He couldn't find anyone to care as much as he did, so Raymond decided to start his own property management business. Despite falling into the business accidentally, Raymond built his property management company to 25 employees and $2 [...]
Wes Winham was a co-founder and shareholder in PolicyStat, a software company that helps hospitals keep track of their Standard Operating Procedures (SOPs), including everything from dress codes to how to handle life and death procedures. The platform was sticky with more than 99.9% of contracts renewing each year, which is why PolicyStat was quick to [...]
As we enter the 21st century’s third decade, it’s fun to look back on the companies that have stood the test of time. Despite a few well-financed chicken-focused start-ups, mounting pressure to reduce our dependence on meat, and our growing addiction to fancy coffee, McDonald’s has managed to thrive. This year McDonald’s is celebrating its 80th [...]
