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 [...]

Part-Time Sales Position

2020-04-28T16:28:10+00:00April 27th, 2020|Categories: Article|

Transitions In Business, a leading Merger & Acquisitions firm specializing in selling healthcare, IT, business to business, manufacturing, distribution and transportation companies, located in Edina, MN is seeking a part-time salesperson to work 8 to 10 hours a week. This person would  be responsible for contacting business owners to gage interest in selling their company and [...]

Now is the Time to Buy a Business

2020-04-30T16:10:45+00:00April 21st, 2020|Categories: Article, Buying a Business|

Many small businesses have closed, severely reduced output, or are slowly reopening during the COVID-19 pandemic.  So why would a business buyer consider moving forward with a transaction in such a dismal environment? This is why: Business Owners are Motivated to Sell A large percentage of small business owners are Baby Boomers that have survived 9/11 [...]

Business Post COVID-19

2020-04-14T16:38:15+00:00April 14th, 2020|Categories: Article|

Time to Reset During the COVID-19 pandemic many businesses have been unplugged.  Completely shut off.  Business owners should use this downturn as an opportunity to prepare their reset plan. To return to “work as normal” will take a while.  This will be a slow reboot.  Yet resetting your business can be a good thing. Here are [...]

3 Ways To Re-Invent Yourself In A Crisis

2020-04-08T13:28:54+00:00April 8th, 2020|Categories: Article, Selling a Business|

Veterans refer to “the fog of war” to describe how difficult decision making can be when you’re on the battlefield with imperfect information. Sometimes the obvious answer in retrospect is not so apparent when you’re in the throes of a crisis which is why we wanted to share the stories of three owners who took bold [...]

How to Keep Your Business Afloat During COVID-19

2020-03-18T18:58:00+00:00March 18th, 2020|Categories: Article|

The faucet has been shut off.  Customers have gone quiet while revenue is not coming in.  How do you weather the storm and keep your business from going under? I owned a conference and event management company during 9-11 and the 2008 Great Recession, when business dropped drastically.  Neither of those events comes close to the [...]

The Simplest Form Of Recurring Revenue Virtually Every Business Can Adopt

2020-03-10T16:41:10+00:00March 10th, 2020|Categories: Article, Selling a Business|

Recurring revenue makes your company more predictable, extends the lifetime value of a customer and ultimately makes your business more valuable. If you’re unsure how to create these automatic sales, a simple service contract can be the place to start. A service contract is an agreement to provide an ongoing level of service in return for [...]

Succession Planning vs. Exit Planning Seminar

2020-03-09T14:07:34+00:00March 8th, 2020|Categories: Article|

Join us for this informational seminar for business owners and advisors hosted by the Exit Planning Institute (EPI) Twin Cities Metro Area chapter. Exit Planning vs. Succession Planning Thursday, March 12, 2020 7:30am to 9:30am at MN CPA Society, Bloomington, MN Proper succession planning involves a great deal more than just the potential exit of the [...]

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 [...]

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.