by LutzMBG | Jun 27, 2024 | business sale, business valuation, exit planning
Two Types of Buyers And 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 buyers are...
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
Whenever I ask a business owner if he thinks a business valuation could benefit his business, the answer is something like this: A Business Valuation? Oh, I’ll figure that out when I’m ready to retire … which is the day after never … The wealth of...
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,...