Join us for bETA Twin Cities, a 10-week hybrid accelerator on the process of acquiring small businesses.
bETA (bridging Entrepreneurship Through Acquisition) helps enable historically underserved entrepreneurs to buy and grow existing businesses. Startups have a 90%+ failure rate, yet through ETA entrepreneurs can own and run a company without starting from scratch.
With a wave of retirees looking to sell their small businesses, now is the time to buy in order to maintain and grow good jobs, and make money on day one of business ownership.
bETA is designed to connect with the local market in Minnesota. The accelerator offers 9 modules through a combination of in-person and virtual weekly sessions. Our online classes and meetings amount to approximately 12 hours per week. Our in-person sessions take place at three key moments – a two-day Orientation, a mid-point workshop and site visit, and a final Graduation Ceremony.
Each module of the accelerator provides participants with in-depth knowledge about the process of acquiring a business – from finding a target to what to look for in due diligence, from financing to running it. Here is what is covered each week:
- Orientation Intro to ETA: Search models, Why You, and the ETA process
- Finding the Right Business How to find deals, a target, and where to look
- Finance & Valuation Financial due diligence, operational due diligence, Confidential Information Memorandums (CIM)
- Structuring How to pay, transaction structures, and deal types
- Negotiations & Legal Financing, negotiations, and structuring from a legal perspective
- Marketing Identifying target customers and competitors, marketing strategy
- Operations & Technology Operational problems and processes, process evaluation and improvement
- HR/People Leadership and management styles, organizational behavior, hiring, and culture
- After the Acquisition What to do in the first 100 days
Join us for an Info Session on Feb 24th to learn more about the accelerator and application process.
