There are various reasons why your company may be considering a merger or acquisition soon. Shutdowns due to the pandemic have brought many companies to their financial knees in terms of survival. This economic downturn could create an opportunity for your company. Is it time for your business to consider the option of expanding through a...Read More
As a small business owner, your answer to this question usually has a direct correlation to if/when you’ll ever achieve substantial profitability and growth. One of the big differences between fast-growing, profitable small to medium-sized businesses and those that flounder is that the former typically has an owner that places a high value on accounting....Read More
New Year, New Business? Last year was a struggle for everyone. Stay-at-home orders, mandatory masks, and social distancing have caused even the most rugged of us to wish for it to all go away. Now that a vaccine is being administered, we are beginning to see a ray of hope. Maybe life will return to...Read More
Now more than ever, we depend on social media to drive business. Social media campaigns are vital in developing a strong customer base, driving sales, and increasing presence in the marketplace. If you are in the planning stages of getting your business onto social platforms, MRD Consulting can put your business on the social media...Read More
“To Business Plan or not to Plan…that is the question.” For those of you with a short attention span or those that are too impatient to thoroughly read articles, bottom line…develop a thorough business plan. If you are considering starting a business, starting a new division, or starting a new product line I highly recommend...Read More
Growth: Acquisition vs. Organic The debate rages on regarding the merits of a business trying to achieve rapid growth via acquisition vs. growing organically (or internally within its existing infrastructure). The debate rages on due to the fact that both avenues have their merits, pitfalls, drawbacks, and positive attributes….The true answer lies in the specific...Read More
The founder of Dangerfield's Restaurant in Shakopee is launching a Mediterranean eatery not far from the supper club that he ran for more than 30 years. Gus Khwice had once planned to retire last fall, after Dangerfield's closed and he leased the property at 1583 First Ave. to Eyes Wide Shut Hospitality, an Eagan restaurant […]
Xcel Energy Inc. (NYSE: XEL) said Thursday evening that it plans to shut down its nuclear power plant in Monticello, Minnesota, while it attempts to resolve a leak of radioactive water that's been nagging the facility since November. The Minneapolis-based utility said that the move will allow workers to more quickly make a permanent fix […]
JB Hudson, the century-old Minneapolis jewelry retailer that closed during the Covid-19 pandemic, is making a comeback at the Galleria mall in Edina. Mpls.St. Paul magazine reports that JB Hudson Jewelers plans to open this fall in the former Legacy Toys space — the toy shop moved to Southdale Center in January. Signs promoting the […]
Michael Roman, CEO of Maplewood-based manufacturing company 3M Co. (NYSE: MMM), was paid $14 million in 2022, a sizable drop from the year before. A securities filing by 3M this week shows that the pay for 3M’s top executive dropped 23% from $18.2 million 2021. Excluding Roman, the C-suite, which includes both established leaders and […]
Minneapolis / St Paul Business Journal