In the world of entrepreneurship, guidance from those who have walked the path before is invaluable. Bruce and Paulette Teigen, co-chairs of the Southeast MN Chapter of SCORE Mentors, are shining examples of how seasoned entrepreneurs can transition into roles of mentorship, offering their wealth of experience to business owners at every stage.
While we highly esteem all SCORE volunteers across various capacities, Jim Gasper's exceptional commitment distinguishes him as a standout figure at the South Metro Chapter in Minnesota. With 15 years of dedicated service as a SCORE volunteer, Gasper has demonstrated an exemplary dedication to SCORE’s mission. With a wealth of corporate and agricultural experience, Jim has become a valuable asset to the South Metro Chapter.
That seems like a straightforward question. Many business owners think about that. Sometimes because they are thinking about possibly selling the business, sometimes because they are doing financial planning for retirement or passing the business along to heirs, sometimes because they want to borrow against the business for new investments or growth and sometimes because they are just curious. So, let’s look at each one to understand how the value might change and what it means.
The course aims to equip participants with the knowledge and practical skills required to successfully acquire an existing small business. Participants will learn the step-by-step process of identifying potential acquisition targets, conducting due diligence, negotiating and closing the deal.
Step 1: Finding businesses for sale
Step 2: Selecting a business
Step 3: Preliminary discovery
Step 4: Due diligence
Step 5: Making an offer
Step 6: Closing the deal
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