Case Study #24: Last Chance Saloon

Case Study #24: Last Chance Saloon

Julie Nirvelli never planned to be in the food business.  She was simply someone who enjoyed making a good green tomatillo salsa.  It was so good, in fact, that her Mexican friends teased her, saying they couldn’t believe “white girl salsa” tasted so good.   After...
Case Study #23: Wash, Rinse, Repeat

Case Study #23: Wash, Rinse, Repeat

Tom Hannon had not one, but three exits out of businesses. Not just in the same industry, but in the same type of business. The original company was named FPD and it published and distributed free publications both to retailers and direct to consumers.   Think of any...
Case Study #22: From Side Hustle to Strategic Acquisition

Case Study #22: From Side Hustle to Strategic Acquisition

Answering an Ad In 2001 Joe Keeley was just a college student looking for a part-time job. He saw an ad for “hockey player wanted to watch kids, $10/hour.” Keeley happened to be a hockey player, which wasn’t so unusual in Minnesota, and eventually, he was hired. This...
Case Study #21: Confidentiality Rules

Case Study #21: Confidentiality Rules

Scott Miller started Miller Restoration, a firm in the property damage industry, in 2005.   He managed to sell his company after 12 years for 3.5 times earnings, but only after two failed attempts.  If we pay attention, we can benefit from his hard-earned lessons....
Case Study #20: When You Had No Plans to Sell

Case Study #20: When You Had No Plans to Sell

Jim McManaman owned Solution One, an accounting and tax firm that handled business and personal accounts.   At its peak, he had six employees and had just added a fee-only financial planning practice to the company. The company was very much a “main street” business,...
Case Study #19: Happy to Take Your Call

Case Study #19: Happy to Take Your Call

In 2003 Jill Nelson founded Ruby Receptionists to help small businesses provide a great first impression to new potential customers by providing an answering service.   This could help the business who just needed one person to provide skeleton phone coverage or a...