Advantages of Buying an Established Business If you are trying to decide between starting your own or buying an existing business this blog is a must-read. Below are a few of the many reasons buying an existing business may be the better decision, along with a couple of tips that potential buyers should keep in mind before making a purchase.

Why would anyone buy a business prior to a re..rec…recession?

Research Before Buying

Most business owners are still trying to figure out the Millennials, but don’t forget there’s another age group hot on their trail and they will be shaping the future of all industries soon. It’s time to get ready now if we hope to sell our products, services, and especially our businesses to them someday.

~$10 million available in 2019; with an additional $10 million available in 2021~

It's been 20 years since Minnesota has seen an income tax rate cut. But today the Minnesota Senate Republican Caucus published a press release with welcome news.

Some entrepreneurs seem to have a business "green thumb". They start a business, grow it quickly, and then miraculously sell it for higher multiples than most other similar businesses - without much forethought, following best practices or comprehensive business plan. Or they quickly build it, franchise then sell to a private equity firm.

Is A Franchise Right For Me? While considering a business purchase and shopping online "business-for-sale" sites, you’ll probably run across several franchise re-sales. Could a franchise re-sale be in your future?

In developing strategic business plans, we often use Best, Expected, and Worst case scenarios. Life and business are risky. Planning for the down turns is prudent and necessary. A business plan based on prolonged luck is not a recipe for success. The durable, businesses that have stood the test of time, have usually survived as the result of strategic and tactical planning for the short and prolonged down turns. Every business will experience trials and most bad things can be planned and managed. As an extreme example, bad things like death can either ruin your plan, or it can just be a part of your business continuity plan.