by LutzMBG | Aug 25, 2024 | business sale, business valuation
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 | Aug 17, 2024 | business sale
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 | 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 True Value Matters More Than Ever Owning a business is one of life’s great adventures. It asks everything of you—your creativity, your discipline, your energy, your courage. Between managing your team, nurturing clients, watching the...
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...