by LutzMBG | Jul 11, 2024 | business acquisition, business sale
So, you’ve decided to buy a business. Maybe you’re tired of the 9-to-5 grind or binge-watched Shark Tank and feel inspired. Whatever your motivation, diving into business ownership can be an exciting adventure. Here are the five essential steps of...
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 13, 2024 | business valuation, exit planning
How Personal Spending Can Undermine the Value of Your Business When you own a business, it can be tempting to treat the company bank account like your personal piggy bank — a convenient source for occasional personal expenses or just this one time withdrawals. But...
