--- title: Transworld Minnesota & Iowa Blog | For Entrepreneurs description: For Entrepreneurs | image: https://www.tworldnorthstar.com/hubfs/website_templates/TWMN_2016/social-generic-transworld.jpg --- **[![phone](https://www.tworldnorthstar.com/hubfs/2020%20Website/white-phone-solid%20(1).svg "phone")(888) 290-5232](tel:888-%20290-5232)      ![envelope](https://www.tworldnorthstar.com/hubfs/2020%20Website/envelope-solid-white.svg "envelope") [northstar@tworld.com](mailto:northstar@tworld.com)** [![TRANSWORLD-LOGO-2023-2Color-VF-02](https://www.tworldnorthstar.com/hs-fs/hubfs/Tworld%20Logos/TRANSWORLD-LOGO-2023-2Color-VF-02.png?width=1801&height=600&name=TRANSWORLD-LOGO-2023-2Color-VF-02.png "TRANSWORLD-LOGO-2023-2Color-VF-02")](https://www.tworldnorthstar.com/) ![4 Team members](https://www.tworldnorthstar.com/hs-fs/hubfs/2020%20Website/Imagery/4%20Team%20members.jpeg?width=1350&name=4%20Team%20members.jpeg "4 Team members") # Transworld Blog From business brokerage to mergers and acquisitions; we are the business sale specialists. - [Buy Existing Business](https://www.tworldnorthstar.com/blog/topic/buy-existing-business) - [For Entrepreneurs](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs) - [Business Advisor](https://www.tworldnorthstar.com/blog/topic/business-advisor) - [Business Broker](https://www.tworldnorthstar.com/blog/topic/business-broker) - [entrepreneur](https://www.tworldnorthstar.com/blog/topic/entrepreneur) - [startup](https://www.tworldnorthstar.com/blog/topic/startup) # [3 Reasons To Buy An Established Business and How To Get Started](https://www.tworldnorthstar.com/blog/3-reasons-to-buy-an-established-business-and-how-to-get-started) [Read More →](https://www.tworldnorthstar.com/blog/3-reasons-to-buy-an-established-business-and-how-to-get-started) - [buying a business](https://www.tworldnorthstar.com/blog/topic/buying-a-business) - [selling a business](https://www.tworldnorthstar.com/blog/topic/selling-a-business) - [For Entrepreneurs](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs) - [Case Studies](https://www.tworldnorthstar.com/blog/topic/case-studies) ## [3 Reasons To Buy An Established Business and How To Get Started](https://www.tworldnorthstar.com/blog/3-reasons-to-buy-an-established-business-and-how-to-get-started) 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. - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 4 min read - Jan 9, 2020 9:39:00 AM ## [What We Are Reading: "Buy Then Build"](https://www.tworldnorthstar.com/blog/what-we-are-reading-buy-then-build) Research Before Buying - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 3 min read - Jul 9, 2019 9:50:00 AM ## [Press Release: DEED Accepting Angel Tax Credit Applications Starting July 1](https://www.tworldnorthstar.com/blog/deed-accepting-angel-tax-credit-applications-starting-july-1) ~$10 million available in 2019; with an additional $10 million available in 2021~ - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 3 min read - Jun 27, 2019 5:50:00 AM ## [Capturing Full Value For Your Business Sale](https://www.tworldnorthstar.com/blog/story-of-a-successful-sale) Guest Blog by Jonathan Thielen I just sold our business for eleven times profit or 2.5 times revenue. Many in the industry would call this a successful sale. The company is a rental and employment screening company conducting background checks on people. I get this question often. "How did you capture the full value of the company and/or sell it for those multiples?" I even get that from my private equity friends. Read on for a breakdown on how we did it, and takeaways on how you can, too. - [Jonathan Thielen](https://www.tworldnorthstar.com/blog/author/jonathan-thielen) - 6 min read - Jun 8, 2019 6:32:00 AM ## [Relief to Minnesota Small Businesses in 2019](https://www.tworldnorthstar.com/blog/relief-to-minnesota-small-businesses-in-2019) 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. - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 1 min read - May 23, 2019 1:42:30 PM ## [How Much Luck Is Involved With Selling Your Business?](https://www.tworldnorthstar.com/blog/how-much-luck-is-involved-with-selling-your-business) 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. - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 6 min read - May 18, 2019 2:43:29 PM ## [How Failure Can Clear The Way For Success](https://www.tworldnorthstar.com/blog/how-failure-can-clear-the-way-for-success) - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 3 min read - Apr 25, 2019 8:28:37 AM ## [5 Things To Consider Before Expanding Your Footprint](https://www.tworldnorthstar.com/blog/5-things-to-consider-before-expanding-your-footprint) Business tips We recently spoke with George Boyadjis, CPA, FHFMA, VP Corporate Solutions at Cresa Real Estate for this week's business tips. He shared 5 things businesses should consider before expanding their footprint or moving to new space. - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 5 min read - Apr 9, 2019 11:00:00 AM ## [What is EOS & is It Right For My Business?](https://www.tworldnorthstar.com/blog/what-is-eos-is-it-right-for-my-business) BUSINESS OWNERS ARE PASSIONATE ABOUT EOS I learned today that Minnesota is a hotbed for EOS (Entrepreneurial Operation System). Over 2000 Minnesota businesses have implemented EOS and that demand has caused a jump in the number of EOS certified implementer coaches in Minnesota to over 60. Businesses who have implemented it the right way (using an outside certified implementer) are very passionate about it and the results EOS has brought to their culture, vision, growth and bottom line. - [Scott Hislop](https://www.tworldnorthstar.com/blog/author/scott-hislop) - 4 min read - Mar 11, 2019 5:13:02 PM - [Scott Hislop (68)](https://www.tworldnorthstar.com/blog/author/scott-hislop) - [Brian Caldwell (49)](https://www.tworldnorthstar.com/blog/author/brian-caldwell) - [Josh Klassen (5)](https://www.tworldnorthstar.com/blog/author/josh-klassen) - [Marv Soldner (4)](https://www.tworldnorthstar.com/blog/author/marv-soldner) - [Transworld Business Advisors (4)](https://www.tworldnorthstar.com/blog/author/transworld-business-advisors) - [Barry Mingo (3)](https://www.tworldnorthstar.com/blog/author/barry-mingo) - [Dan Huber (2)](https://www.tworldnorthstar.com/blog/author/dan-huber) - [Adam Turnbull (1)](https://www.tworldnorthstar.com/blog/author/adam-turnbull) - [Jonathan Thielen (1)](https://www.tworldnorthstar.com/blog/author/jonathan-thielen) [**](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs/page/2) ![](https://cdn2.hubspot.net/hubfs/2029673/Assets/Search_Image.png) - 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