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July 2023
Transitions Trends
What Steps a Business Owner Can Take to Be Prepared to Sell
If you are like most business owners nearing retirement you may be tired or feel like you’re drowning in the day-to-day operations of your business. If you are dreaming of retirement to be able to spend time with family, relax, or travel the world, you may want to consider an exit plan. Here are five key steps that will help you start the exit planning process.

How to Prepare to Buy a Business –
a Banker’s Perspective
Whether you are a broker or a buyer working on your first business acquisition or your 15th deal, it never hurts to take a step back and learn from the other parties in the transaction. Ann Franklin, VP SBA Lending at Fidelity Bank focuses on Small Business Administration (SBA) lending and provides important tips you should know as you prepare to buy a business and seek financing.

Events
SCORE Webinar
"The Art of Selling or Buying a Business"
Thursday August 10th
9 am to 10:30 am

Join merger & acquisition experts Sam Thompson & John Thwing as they present critical factors you need to know prior to buying or selling a business. Hosted virtually by our partners at SCORE Twin Cities.
MNCPA Annual Golf Tournament
Our team at Transitions In Business had an absolute blast participating in the MNCPA Society Annual Golf Tournament on Monday June 26th at The Wild Golf Course! Sam Thompson and Karen Dyck were paired up with Adam Hoffman of Grant Thornton and Hunter Brown of KPMG and won 10th place! It was a day filled with fun, laughter, and networking with some of the best CPA professionals in the industry. 
M&A Statistics
Top 3 Industries Purchased in 2023 Q1 Lower Middle Market Sectors by Purchase Price
In the lower middle market, construction/engineering and manufacturing dominated industry transitions.

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Edina, MN 55435
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