Love Minneapolis

Healing and Economic Transformation in North Minneapolis By Steve Coleman What was your silver lining from our recent pandemic storm? It’s no surprise as months passed, how many of us became eager to do something positive. Early in the pandemic, several Platinum partners and other business colleagues gathered in a generosity circle to explore how we could be more active doing good for our city […]

BITN – August 2022

BITN is a compilation of business stories from around Minnesota and neighboring states usually not reported on by Twin Cities media. These stories are curated by Platinum Group to provide business leads, trends and insights we hope you will find useful. ‘Branchless Bank’ from Canada Buys Tiny Town Bank to Enter, Then Expand in U.S. Canada’s first digital-only bank has acquired a commercial bank in […]

How to Avoid Bankruptcy in 2022-23

No business owner sets out to eventually send his or her company into bankruptcy. But over time it may seem inevitable. There are many ways Chapter 11 can still be avoided—and good reasons to pursue them. If unavoidable, there are important steps to take to ensure a filing doesn’t make matters even worse. Economic news of late makes this topic timelier now than during the […]

Planning for the Inevitable

By Bob Stewart Everyone who has built or run a successful business wants that enterprise to last longer than their tenure—or even longer than their lifetime. But businesses require vision and leadership. What happens at the point in time where the person providing that vision and leadership steps away? Platinum consultants have advised hundreds of businesses as they have worked through this inevitability. Although we […]

Competence Wins Every Time

By Bill English, Partner I always wanted to be a pro on the PGA tour. But the day came in my life, earlier rather than later, when I realized that I simply didn’t have the physical capabilities to do what the pros can do. I couldn’t hit the ball much farther than 230 yards, and in this day and age, I think 300 yards is […]

Platinum Group Announces Sale of Tiger Oak Media

Print magazine publisher’s assets sold to four different buyers Platinum Group, a business advisory firm based in Minnetonka, Minn., today announced it completed leading the sale of the assets of Tiger Oak Media Inc., a Minneapolis-based publisher of print magazines, on behalf of the U.S. Bankruptcy Court for the District of Minnesota. Tiger Oak filed for protection from creditors under Chapter 11 in October 2019. […]

BITN – June 2022

BITN is a compilation of business stories from around Minnesota and neighboring states usually not reported on by Twin Cities media. These stories are curated by Platinum Group to provide business leads, trends and insights we hope you will find useful. Three Minnesota Businesses to Receive $2.1 Million from the State Through its Minnesota Investment Fund and Job Creation Fund, Minnesota’s Department of Employment and […]

Hiring Outside the Family

By Tom Hubler, Executive Consultant While some family businesses—particularly very small ones—are entirely family-run, most end up eventually hiring outside of the family for various roles. Over time, this creates a new situation family business owners need to prepare to deal with: how to hire a family member without being accused by non-family employees of favoritism or nepotism, and how to strike the right balance […]

BITN – May 2022

BITN is a compilation of business stories from around Minnesota and neighboring states usually not reported on by Twin Cities media. These stories are curated by Platinum Group to provide business leads, trends and insights we hope you will find useful. Pace International Buys Seven Acres in Rochester for Expansion Purposes The two brothers who own 50-year-old Pace International in Rochester recently paid $1.7 million […]

The Best Time to Plan is When Things are Calm

By Bob Stewart I’ve been thinking a lot about my own mortality lately. That’s probably because a number of people close to me have died. We so easily forget that the circle of life on this planet far too soon will no longer include us. Tempus fugit. In the context of advising business owners, this realization reinforces for me the importance of planning ahead. Prepare […]