by LutzMBG | Jun 27, 2024 | business sale, business valuation, exit planning
There Are Two Types of Buyers—Here's Why You Need to Prepare for Both Whether you aim to sell your business next year or a decade from now, you need to consider and prepare for two primary types of buyers: Financial and strategic buyers. The Financial Buyer Financial...
by LutzMBG | Jun 13, 2024 | business sale, business valuation, exit planning
Why Knowing Your Company’s Worth is Critical Owning a business is a cornerstone of the American dream. Still, it comes with countless challenges: managing payroll, sales, key clients, accounts, HR, staying ahead of industry trends, warding off competition, and driving...
by LutzMBG | May 18, 2023 | business sale, business valuation, exit planning
Two Steps Will Set Your Company Apart From Your Competition: 1. Specializing in One Product or Service This allows you to focus and deliver that product better than everyone else. It enables you to hire (or train) specialists in your field, improving the...
by LutzMBG | Apr 12, 2023 | business sale, business valuation, exit planning
When I ask business owners whether they think a business valuation could benefit their business, the typical response is: A business valuation? I’ll think about that when I’m ready to retire… which, of course, will be the day after never. The...
by LutzMBG | Mar 23, 2023 | exit planning
Are You Using Your Company Bank Account As a Piggy Bank? Picture a magic slot machine. Each time you pull the arm, you receive a multiple of whatever you wagered. How much time would you devote to cranking that arm? When it comes to the value of your business,...
