By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Forbes One of the biggest decisions that business owners eventually face is how they will handle transitioning out of their life’s work. There are several good options, and one—an internal transition—is particularly popular. It’s understandable. Recently, the...
By Matt Silasiri – Marketing and Business Development Manager A successful business sale requires targeting the appropriate buyer. That is one of the key responsibilities of business brokers and M&A advisors, and it's done through decades of experience, building deep relationships with potential buyers. Who is the likely buyer of your business? Source: IBBA Q3...
By Matt Silasiri – Marketing and Business Development Manager Most business owners agree exit planning is vital to a successful transition of business ownership, but few have a formal exit strategy in place. Below are the 3 phases of exit planning, and the major questions each stage answers. Discover What is the current value of...
Published by The Center for Financial, Legal & Tax Planning, Inc With the year ending, it is time for everyone to prepare for the upcoming tax season. This season, especially for business owners, can be very stressful. Many business owners may be on edge when considering the possibility of footing a large tax bill. The...
By Matt Silasiri – Marketing and Business Development Manager Good news and bad news. Let’s start with the bad, shall we? In a recent survey of 493 business brokers and M&A Advisors, 23% of advisors ranked “unrealistic seller value expectations” as the #1 reason deals fall apart (Market Pulse Q4 2022). Here's a list of...
By Manuel Santana, Business Advisor, CBI, MBA. (Updated July 3, 2024) As the owner of a cleaning business, whether you're in janitorial services, maid services, or specialty clean-up, understanding the value of your company is crucial. Whether you're considering selling, seeking investors, or simply want to gauge your business's financial health, here's a comprehensive guide...
By Matt Silasiri – Marketing and Business Development Manager The Boy Scouts of America have a simple motto that has served them well since 1908: "Be Prepared" Preparation is a key ingredient in success, and nowhere is that truer than when the time comes for a business owner to exit their business. So, how prepared...
By Matt Silasiri – Marketing and Business Development Manager One of the more staggering statistics from the 2023 Minnesota Owner Readiness Report was the following: 39% OF ALL BUSINESS OWNERS ARE NOT FAMILIAR WITH ALL OF THEIR TRANISITION OPTIONS. Let's take a look at a basic breakdown from the report: Are You Familiar with All...
By Matt Silasiri, Business Development Team Lead Importance of Exit Planning for MN Baby Boomer Business Owners The baby boomer generation in Minnesota is reaching a significant transition point as they prepare for retirement. A wave of baby boomer entrepreneurs will soon be seeking the best path to ensure the future success of their businesses....
