As 2020 winds down, many small businesses have had a year of ups and downs. In a recent national mergers and acquisitions poll conducted by the International Business Brokers Association and M&A Source, advisors reported that nearly half (48%) of their clients were operating at normal capacity. Another 35% are still at partial capacity while 6% [...]
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 [...]
"There are many golden nuggets within this interview, one of which is the advice provided by business owner Joshua Dick, who explains how to select a M&A advisor once you are ready to sell," states Sam Thompson a Minneapolis business broker and president of Transitions In Business. "Another point made by Joshua is the fact that [...]
“This interview with Stephen Roseman, president of Spy Optics, includes a quote from Stephen in which he says 'Build a house you want to live in.' Meaning, build a strong business with a sound foundation," states Sam Thompson, a Minneapolis business broker and president of Transitions In Business. "Oftentimes business owners will glossy up a business [...]
Michael Houlihan and Bonnie Harvey built Barefoot Cellars to sales of more than 600,000 cases of wine per year when they got the attention of E&J Gallo, America’s largest winemaker. Gallo was impressed with how quickly a $7 bottle of Barefoot moved off retailers’ shelves and were intrigued by Barefoot’s use of grassroots sponsorship to grow [...]
In 2013, Alex McClafferty co-founded WP Curve, a company that provided IT support for people with a WordPress site. McClafferty and his partner stitched together a network of contract support professionals in developing countries and quickly grew the company. They hired a few managers, and by the beginning of 2016, McClafferty was already looking for an [...]
Join merger and acquisition expert Sam Thompson as he presents critical factors you need to know prior to buying or selling a business. How to properly evaluate a company you want to purchase How to prepare to sell your company What can you do to pay a reasonable price for another company or get top dollar [...]
Once you’ve decided to sell your business, one of the biggest challenges you will encounter is determining if the potential buyers you interview are serious buyers. 90% of all potential buyers that begin looking to acquire a new business never buy. There are numerous reasons why a potential buyer may not follow through on an acquisition. [...]
Matt Slaine is an investor who grew up on Wall Street. In pursuit of his next move (and an intent to own), he decided to purchase a company, instead of starting one. What followed was a journey of identifying his perfect candidate (Progressive Business Media, a B2B media and communications company in the home furnishings and [...]
FRSTeam by Anderson Technical Restoration, an industry leader in fabric restoration, located in St. Paul, MN was acquired by Jerrod Lindquist on July 8, 2019. The new company name will be FRTeam North. FRSTeam are fabric and electronics restoration experts that specialize in restoring textiles, clothing and home electronics damaged by smoke, fire, water and mold. [...]