Cover Story
Readily available analytics changing business plans, driving growth
When Richfield-based NearestYou was just starting out, Ryan Furness and his then-business partner decided they just wanted to help people figure out their local dining options. “We wanted to build this great website so you could discover all these local products,” Furness says. “We were just building a directory. We wanted to build an app. […] Continue reading →
Letter From the Editor
Knock it off
I have a challenge for my fellow baby boomers: Quit maligning the millennial generation. It seems to be a favorite pastime but it’s both unattractive and short-sighted. It happened again on a panel I attended recently at Faegre Baker Daniels law firm in Minneapolis, where Steve Hockett, CEO of Great Clips, offered this variation of […] Continue reading →
Back Page
BACK PAGE
SCORE, the nationwide nonprofit resource partner of the U.S. Small Business Administration, has long been known for mentoring to small business owners. It’s 300 chapters and 10,000 volunteers meet directly with clients and offer additional insights through free or low-cost educational workshops, through which it hopes to foster a vibrant small business community. The organization’s […] Continue reading →
Focus
Upsize Growth Challenge
The Upsize Growth Challenge,presented by Winthrop & Weinstine, was created by Upsize magazine to match two business owners with expert advice they need to reach their goals. Two companies were selected based on the ambition of the growth goal and the quality of the work already completed to meet it. They participated in a workshop […] Continue reading →
Business Builders
Insurance
IT’S THAT TIME OF THE YEAR AGAIN. As summer turns into fall, small business owners across the country will set aside many aspects of running their businesses for a few weeks and delve into the intricacies of deductibles, premiums and copays. Insurance brokers will show up to employers’ doors armed with detailed spreadsheets that purport […] Continue reading →
Succession
ABOUT HALF OF ALL BUSINESS transitions take place as a result of unexpected events, forcing decisions driven by circumstances — stuff that happens to us, sometimes rather suddenly! — rather than legacy vision and goals. Business owners should ask: “How can we be ready for the unexpected?” Consider the importance of building a comprehensive transition plan. […] Continue reading →
Pitfalls to avoid in your buy-sell agreements
A BUY-SELL AGREEMENT should exist in every private company with multiple owners, including family businesses. In fact, many professional advisers argue that it’s likely the single most important legal document an owner will sign. Basically, it establishes the “exit rules” when a co-owner chooses — or is forced — to leave the business. It is a […] Continue reading →
