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...
Success is rarely linear. As a business owner, it’s important to both acknowledge that fact and create plans that can provide short-term results while having long-term impacts. Today, we’ll show you four areas in which strong planning and realistic goals can position you to achieve more success in the coming year. 1. Building strong management...
Sunbelt Business Advisors is well known as the largest seller of Main Street companies, those up to $5 million in revenue. But the company’s Mergers & Acquisitions division, which handles the sale of companies with 5 – 150 million in revenue, has been growing rapidly. The company is making major investments to meet growing demand...
MINNEAPOLIS – July 1, 2021 – Sunbelt Business Advisors President Chris Jones today announced that Sunbelt facilitated the sale of Eull’s Manufacturing Company, Inc. to Solheim Investment Partners, a Minneapolis-based private equity firm. Led by M&A Advisor Rick Elliott and M&A Associate Kirill Graminschi, the Sunbelt team initiated, structured, and negotiated the transaction on behalf...
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...
