There comes a time for many business owners when the best way to grow is through strategic mergers or acquisitions. Acquiring another business as a subsidiary or merging two entities into one can be an excellent way to expand market share, control costs, and achieve other business goals. However, a business owner should never pursue such opportunities without carefully considering all of the consequences.
A recent study found that Minneapolis is one of the top cities in the nation for female entrepreneurs. According to NerdWallet, Minneapolis -- where nearly one-third of all businesses are owned by women -- is the fourth best city for female entrepreneurship. The City of Lakes reportedly scored big for having low unemployment rates and a wealth of women's business organizations.
Many Twin Cities entrepreneurs have struggled to pursue their business ventures in recent years. The recession has made it difficult for would-be small business owners to access financing as well as for existing start-up businesses to obtain loans to grow and thrive. This week, state officials made an announcement that many entrepreneurs may be interested to hear.
As Minnesota residents might have heard, Yahoo announced Monday that it plans to buy microblogging platform Tumblr for $1.1 billion.