Ownership Has Its Privileges

2019-11-05T19:09:41+00:00November 5th, 2019|Categories: Article, Selling a Business|

Walk down Nashville’s Lower Broadway any night of the week, and you can hear aspiring artists belting out cover tunes from Elton John to Garth Brooks. In many cases, these musicians come to Nashville to be discovered but pay their rent using the tips they get by playing other people’s songs. Most are lucky to eke [...]

5 Signs Your Business is Not Sellable

2019-10-29T16:56:25+00:00October 29th, 2019|Categories: Article, Selling a Business|

You’ve worked hard over the years as the owner of a successful business and you’ve decided that it’s time to sell.  “No problem,” you think, “I’ve made a nice living with my business, so it should sell quickly.” Not so fast…..statistics show that of all the small businesses that go to market in the US, only [...]

Starting Vs. Growing a Business

2019-10-08T16:44:50+00:00October 8th, 2019|Categories: Article, Selling a Business|

Most company founders are good at the first stages of entrepreneurship. But in the phases that follow, they may only be average. Just because you have a knack for starting companies, doesn’t necessarily mean that those skills translate well into growing one. There are celebrated cases of founders who have successfully started and grown a business [...]

How Do You Know When You Have a Serious Buyer?

2019-09-24T16:06:52+00:00September 24th, 2019|Categories: Article, Buying & Selling Businesses|

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.  [...]

Being Stingy With Your Equity

2019-09-04T16:09:03+00:00September 4th, 2019|Categories: Article, Selling a Business|

It can be tempting to offer shares in your company to finance its growth. These days, there are plenty of investors chasing promising new companies and, in today’s tight labour market, employees are getting more brazen in their demands for equity-based compensation. However, using equity as a form of currency dilutes your position and may not [...]

Don’t Start a Business – Buy a Business!

2019-08-15T15:58:22+00:00August 15th, 2019|Categories: Article, Buying a Business|

If you own a small business and want to expand, or if you are an individual who wants to own a small business, you may be tempted to create one organically.  You might think that long term, an organic start-up will save you money; however, this is the furthest from the truth. Statistics show that only [...]

The Hidden Downside Of This Common Management Idea

2019-08-08T16:50:27+00:00August 8th, 2019|Categories: Article, Selling a Business|

Cross selling new products and services to your existing customers may be a great marketing strategy, but if your goal is to increase the value of your business, the added revenue may do nothing for your company’s value – and may even lower it. In order to be acquired for a premium, consider committing to a [...]

When Do You Tell Your Employees You Plan to Sell Your Business?

2019-07-24T13:52:18+00:00July 24th, 2019|Categories: Article, Selling a Business|

One of the trickiest components of selling your business is deciding when to inform your employees that your business is for sale. The best answer is to wait until you’ve closed the sale and the money is in the bank.  If you tell your staff your exit plans, they may start looking for work elsewhere.  They [...]

Run Your Private Company Like It’s Public

2019-07-11T19:32:50+00:00July 11th, 2019|Categories: Article, Selling a Business|

Small businesses often operate as if their sole purpose is to fund the owner’s lifestyle, but the most valuable companies are run with financial rigor. You may be years from wanting to sell, but starting to formalize your operations now will help you predict the future of your business. Then, when it does come time to [...]

Twin Cities FRSTeam Franchise Restoration Business Acquired

2019-07-10T13:35:40+00:00July 9th, 2019|Categories: Article, Buying & Selling Businesses|

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. [...]

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.