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What is the Downside to Holding onto My Business too Long?

2020-02-05T16:55:11+00:00February 5th, 2020|Categories: Article, Selling a Business|

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 [...]

How To Inoculate Your Business From The Dangers Ahead

2020-02-04T20:23:19+00:00February 4th, 2020|Categories: Article, Selling a Business|

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 [...]

The Start-Up Paradox

2020-01-09T16:13:16+00:00January 9th, 2020|Categories: Article|

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 [...]

Why You Should Fire Yourself

2019-12-03T20:50:06+00:00December 3rd, 2019|Categories: Article, Selling a Business|

If you find yourself in a position where your customers always insist on speaking with you directly instead of your employees, then you might want to consider shifting your structure so you can improve the value of your business. Here's why: a business that can thrive without the owner at the center of all its operations [...]

5 Things You Will Miss After You Sell Your Business

2019-11-25T18:50:32+00:00November 25th, 2019|Categories: Article, Selling a Business|

Upon selling your business, the benefits of a successful sale most likely out-weigh any downsides.  After closing, you should have a nice financial windfall to pad your bank account, less stress, and more leisure time to travel or spend time with family, for example. I sold my conference and event company in 2012.  In the seven [...]

Exit Your Business With No Regrets

2019-11-25T17:45:15+00:00November 25th, 2019|Categories: Article, Selling a Business|

As a business owner, I know you’re ready for anything. But recent data shows us that even the most affluent and successful founders struggle with one common problem: the regret of how they handled leaving their company. In fact, 75% of owners say they regret their decision to exit after just one year (based on how [...]

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.  [...]

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.