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...
Taking on any large project can be manageable when you have a reliable process in place. When deciding to exit your business, for example, you will need a proven process in place to ensure you have covered all the bases. Just like baking, without following the specific process or recipe, you could end up setting...
Winsupply Eyes Distribution Expansion for its Fifth Acquisition of 2021 Winsupply Inc., a supplier and distributor of various residential and commercial construction and industrial supplies and equipment, acquired Clausen Supply out of Clinton, Iowa on September 2, 2021. Clausen serves as a main distributor in the HVAC industry in the eastern Iowa region. Jon Clausen,...
We’re seeing a step-change in how people want to pay. Social distancing is keeping us away from our friends and loved ones, but by necessity, we are becoming more digitally connected than ever before – including when it comes to paying. This evolution is likely to continue post-coronavirus, as even slow adopters realize the benefits...
Larry Carnell explains important tax and estate information for all current and future business owners. [embed]https://www.youtube.com/watch?v=ZvnwCEdNz1g[/embed] Disclaimer: Sunbelt Business Advisors and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal...
State of Minnesota Main Street COVID Relief Grants Applications Open on September 20th, 2021 at 10am CST. Business owners: the State of Minnesota is opening a portal for a new program which will make $10,000 - $25,000 grants to Minnesota-owned and-operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. The...
The Fourth of Four Installments in our Series: Managed Service Providers In our previous blog post titled, Why IT Managed Service Provider (MSP) businesses are being acquired, we discussed the current market frenzy over cloud-based technologies and the heightened activity with mergers and acquisitions within the Managed Service Provider industry. In this article, we cover...
As your successful business grows larger and matures, you should always be on the lookout for forces that can diminish its value. New companies and competitors constantly aim at the top dog by identifying and exploiting weaknesses. To mitigate this constant threat, you should do two things. Identify what makes your company valuable.Protect those assets...
