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Minneapolis

Oct-Nov 2017

Cover Story

Cover Story: Upsize Growth Challenge

The Upsize Growth Challenge, presented by Winthrop & Weinstine, is a contest created by Upsize magazine to match two winning business owners with the expert advice they need to reach their goals. DataTrec, Hennes Art Co. share their successes, challenges for expansion About this project From nominations, judges select two winners based on the ambition of […] Continue reading →

Letter From the Editor

No Spiels

I get pitched all the time with story ideas, because what’s not to like about free publicity for your company? I’m sure you do, too, since everyone in business needs to sell something, and everyone in business probably has a 30-second elevator speech down pat. Three local investors who hear pitches for a living, however, […] Continue reading →

Focus

Catching up

It’s been just about nine years since John Fallenstein admitted in an interview with Upsize that he was buying into an industry that he knew little about and that he was a bit nervous while attorneys hashed out the terms of the deal that allowed him to acquire Custom Rock Formliner. The St. Paul company […] Continue reading →

Business Builders

CYBERSECURITY

As recent as 10 years ago, cybersecurity was merely a passing thought for most businesses and consumers. Today, the threat is front and center, with thousands of headlines reporting the damage of cyber incidents like the worldwide WannaCry attack in May and the more recent Equifax data breach. Protection is now a priority for all […] Continue reading →

Technology

Rapid growth in digital technology affects every aspect of our lives – from how many of us navigate around town, to how we consume news, to how we make purchases. The same is true for the owners of the nearly 510,000 small businesses across Minnesota. Technology changes the way they track expenses, monitor inventory and […] Continue reading →

Workplace

It’s not easy to put together a great team. It’s especially challenging when you’re a small business and don’t have the glitzy perks — free cafeteria, on-site gym and daycare, 24/7 massages — that tend to attract talent. But as difficult as it is to hire top candidates, retaining them may prove even harder. In […] Continue reading →

Exit Strategy

A business owner will turn 65 every 60 seconds for the next 15 years. More than 250,000 businesses with revenue between $5 million and $100 million in revenue will attempt an ownership change by 2030. So, it should not be a surprise that many business owners are starting to give serious thought to the process […] Continue reading →

Workshop

Workshop: Take control of your successful exit

An overworked small business owner in the trades, burned out and desperate to sell, gets calls from two potential buyers. He doesn’t seek assistance from any mergers and acquisition experts and he allows the potential buyers to ride along with his employees to learn more about the business. In the end, both options fall through […] Continue reading →