Running a successful business is complex per se. Adding the element of “family” to a business often creates more complexities, especially as the business grows. Lifelong family bonds and expectations can run headlong into business realities and needs. Today, we’ll share some ideas about how to keep the family business running and the business family...
Successful business owners may face a conundrum as they pursue success. “Though my competitors do something similar, they don’t do it the way I do it. So, how do I know the right way to achieve success, especially if I don’t do things their way?” It’s a bit of a paradox: How can you build...
If cash is king, then cash flow is the kingmaker. Cash flow can have a multiplier effect in terms of achieving your planning goals for a successful future. Often, increasing cash flow requires strong performances from key employees. Let’s look at how properly motivating your key employees could cause a cascading effect that creates a...
It is safe to say the past two years have been full of surprises. Some businesses thrived, while in other areas jobs were lost, companies were forced to go under, and we even lost loved ones along the way. Many businesses were affected by the pandemic in some way or another. According to a survey...
As the year winds down, it’s important for business owners to raise their awareness of last year’s performance. Knowing what you did well, along with where you struggled, is crucial to planning for future success. Today, we’ll show you three categories that you can review—strategic performance, tactical performance, and financial performance—and some questions you may...
It can be difficult to consider what will happen to your business and your family if you die unexpectedly. Without proper planning, you could be leaving your family and/or key stakeholders in a huge mess. Proper planning allows you to keep your business on the right path even after an unexpected tragedy leaves you unable...
Next-level management teams are the drivers behind building business value. But how can you and your advisors attract and keep next-level management teams? The answer lies within incentive plans. When incentive plans are properly designed and implemented, your business has the potential to grow well after you sell. Well-executed incentive plans can motivate each member...
News Release | Contact: Kent Kaiser 651-338-1777 Business Serves Wisconsin with Offices in Appleton, Green Bay, & Wausau MINNEAPOLIS, Minn. – November 10, 2021 – Sunbelt Business Advisors President Chris Jones today announced that Sunbelt facilitated the sale of Tongxeng Personal Home Care of Wisconsin to Mai Vang of St. Paul, Minnesota. Led by Business...
News Release | Contact: Kent Kaiser 651-338-1777 New Owners Expand Market Share in Innovative Kitchen Gadgets MINNEAPOLIS, Minn. – November 3, 2021 –Sunbelt Business Advisors President Chris Jones today announced that Sunbelt facilitated the acquisition of Talisman Designs (https://www.talismandesigns.com/) of Minneapolis by Nifty Home Products (https://www.niftyhomeproducts.com/) of Madison Lake, Minnesota, in a multi-million-dollar deal. Led...
