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...
The Third of Four Installments in our Series: Managed Service Providers Managed Service Provider companies can be sold for a premium in today’s market.Managed Service Providers (MSPs), sometimes referred to as IT Service Providers, come in all shapes and sizes. In the “Businesses-for-Sale” marketplace, MSPs are generally considered to have less risk and greater growth...
One of the most important skill sets that successful business owners have is the ability to be ready for just about anything. The key to doing this is being agile. Let’s look at what an agile framework looks like, why it matters, and the differences between waiting for perfection and being agile in your business planning. The...
The Second 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...
Private Equity Acquires Managed IT Ensono found its new owner in April 2021, when the private equity mega-group, KKR & Co., signed a definitive purchase agreement to acquire the worldwide IT services giant. Ensono is based in Downers Grove, Illinois, and the company is widely regarded for providing services to aid clients with IT infrastructure...
Valuing your business for sale properly is critical before you decide to sell. There are a lot of things to consider. All business owners will consider selling their business one day. And there are a lot of reasons why. As a business owner considering alternatives for transition, you may not have family members ready and...
