by LutzMBG | Jan 15, 2025 | business sale, exit planning, Understand Business Value
How to Make Your Business Irresistible to Buyers Two key factors determine your company’s sellability: how it looks on the outside and how it functions on the inside. Think of it like selling a car— a shiny exterior may catch the eye, but serious buyers will always...
by LutzMBG | Aug 25, 2024 | business sale, business valuation, Understand Business Value
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 | Jun 27, 2024 | business sale, Understand Buyers
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, Understand Business Value
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, Understand Business Value
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...