Much is made of analyzing the personality traits of successful entrepreneurs. Some appear outgoing. Others are introverts. Some lean right, others left. Some are flashy. Others are monk-like with their money. Their diversity can lead one to the conclusion that there are no common personality traits among successful founders. Rather than trying to understand who they [...]
Built to Sell Radio is celebrating 250 episodes. That’s 250 entrepreneurs, founders, CEOs, and owners who have shared their stories and their time over the last 5 years. To mark the event, Built to Sell Radio’s producer, Shawn McDonald, takes over the mic to highlight insights from some of the most talked-about, most popular, and most memorable episodes from [...]
“Aric Bandy, from Minneapolis, shares his story offering nine powerful tips on what he did with a bad transaction and used that knowledge to eventually sell his business," shares Sam Thompson a Minneapolis business broker and president of M&A firm Transitions In Business. "From hitting $10MM in revenue as a key number to investing in audited [...]
SBA relief efforts are incentivizing buyers to move ahead with business acquisitions. Per the SBA website, "the SBA will pay six months of principal, interest, and any associated fees that borrowers owe for all current ... as well as new 7(a), 504, and microloans disbursed prior to September 27, 2020." This is a massive incentive. The [...]
“David Yaffe, with two partners, started Arbor and quickly sold the business for 9-figures two years later. This story provides excellent insights into raising funds and ways to increase the price with a buyer," shares Sam Thompson, a Minneapolis business broker and president of M&A firm Transitions In Business. David Yaffe was working at Google when [...]
“Matt Schmeltz walks us through how he and his partners took a business they acquired and grew it to amazing results," shares Sam Thompson a Minneapolis business broker and the president of M&A firm Transitions In Business. "Their ROI was 15:1. From beefing up their sales team to creating outstanding customer service. Their revamped company demanded [...]
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 [...]
Peter Demangos has started two businesses in the Human Resources sector. One was a bootstrapped insurance brokerage where they sold employee benefits programs to large clients. The other was an HR software company called Collage, where Demangos and his co-founders raised $3.5 million of investment capital and sold three years later for $15 million. Given that [...]
“Lee Gregory, owner of Sir Lines-A-Lot, did many things correctly when he went to sell his business," states Sam Thompson a Minneapolis business broker and the president of M&A firm Transitions In Business. "One was he brought in a general manager to run his business. Unfortunately, he could have done a better job in pre-due diligence. [...]
Don't miss the first Leadership Development Presentation sponsored by the Rotary Club of Edina. Transitions In Business president Sam Thompson will lead the first presentation on Teamwork. Who: Open to anyone (sponsored by The Rotary Club of Edina) When: July 21st, 2020 from 6:00 to 7:00pm Where: Online (a link will be provided upon registration) Registration [...]
