Thinking of Selling Your Business? B2B EXIT Puts You in the Driver’s Seat

Thinking of Selling Your Business? B2B EXIT Puts You in the Driver’s Seat

B2B CFO Leads Industry Shift, Offering Unmatched Control in Business Sales B2B EXIT Book & Software CHANDLER, Ariz., Oct. 17, 2023 /PRNewswire/ — B2B CFO unveils B2B EXIT today, addressing an industry void for specialized guidance in business sales and positioning the company as the ultimate control tool for business owners considering a sale. This introduction represents the culmination of a decade of industry-altering research and development. “Our company has lived and breathed this industry for years and we saw a glaring gap. Business owners lacked a resource offering them genuine control during the sales process. B2B EXIT changes that,” said Jerry L. Mills, Founder and CEO of B2B CFO and B2B EXIT, reaffirming the company’s commitment to revolutionizing the business sales landscape and empowering owners to secure the deals they deserve. The timing is especially compelling, given the recent insights from BizBuySell Insight Report, which depicts an increasingly complicated landscape for business sales. BizBuySell Insight Report signals both challenges and opportunities in the marketplace. While the report highlights increasing complexities in deal structures, it also identifies promising trends for both buyers and sellers. The report quotes Kentucky-based business buyer Barrios, who predicts that 2023 and 2024 will offer the best opportunities for acquiring well-established businesses at good prices and profit margins, provided buyers are well-informed, financially prepared, and passionate about entrepreneurship. The need for B2B EXIT is further underscored with data cited by Growth-Drive, which reveals a pressing concern: while 17% of business owners are preparing to sell their companies, a staggering 95% of them cannot maximize the transferable value of their business. George Sandmann, founder of Growth-Drive...
B2B CFO® EXPANDS REACH IN MONTANA

B2B CFO® EXPANDS REACH IN MONTANA

Jeff Streeter Joins as Partner in Kalispell, MT B2B CFO®, a leader in strategic business advisory services to owners of privately held companies, announced today that Jeff Streeter has joined as Partner. He is based in Kalispell, MT, and will serve the surrounding area alongside other B2B CFO® partners.Jeff is a skilled executive with deep financial and operational experience with over 35 years developing a wide range of business strategies. Prior to joining B2B CFO®, he spent 18 years as CEO and Co-Founder of Lucky Bums, a consumer products brand which he built from scratch, spearheading a cash-flow model, analyzing metrics such as gross margin, receivables, and payables across various products and sales channels. He incorporated innovative manufacturing terms, fostering sustainable growth and profitability. Jeff also managed financial operations and the growth strategy, executing brand expansion by securing capital through traditional bank lending and private investment. He successfully negotiated multiple lines of credit and 4 unique rounds of private equity investment. This expansion established the company as a leading presence in their respective e-Commerce selling platforms and resulted in significant growth.Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO®, said, “We are delighted that Jeff has joined our partnership. He is highly accomplished, and his expertise will be of tremendous benefit to the business owners in the area.”According to Jeff, “With my background as a co-found and business owner and having experienced the challenges of growing and transitioning a company firsthand, it’s incredibly invigorating to witness how B2B CFO® wholeheartedly caters to the needs and aspirations of business owners. I feel a deep sense of gratitude to...
B2B CFO® Helps a Company Sell for 15x Multiple

B2B CFO® Helps a Company Sell for 15x Multiple

Accelerated Business Performance Drives 15x Valuation Multiple In comparison to newly launched start-ups, second-generation run companies have the initial advantage of taking over a brand that is already built instead of having to start from scratch. However, many second-generation leaders play a pivotal role in implementing initiatives that take the business to the next level of growth and profitability, while strengthening the family legacy for future generations. Overview All owners eventually exit the business—and many have the desire to pass their legacy on to their children. This was the scenario for a successful food testing and analysis company that specialized in analyzing foods for pathogens, bacteria, spoilage and overall comprehensive food safety and quality. The founding owner’s two children were successfully running the business; however, in 2013, the economy was recovering from the Great Recession and the owners hit a crossroads: do they commit to improving the company’s value or find a buyer to sell the company?...
B2B CFO® EXPANDS REACH IN TEXAS

B2B CFO® EXPANDS REACH IN TEXAS

B2B CFO®, a leader in strategic business advisory services to owners of privately held companies, announced today that Bo Underwood has joined as Partner. He is based in Fort Worth, Texas, and will serve the surrounding area alongside other B2B CFO® partners.Bo is a skilled executive with deep financial and operational experience with years of experience helping a wide range of companies. Prior to joining B2B CFO®, he was President and CEO of Howell Instruments, Inc where he grew revenue and profitability by developing innovative data acquisition systems for the world’s leading aircraft manufacturers. He transformed a business by strengthening the balance sheet, streamlining business processes, controlling costs, and building cash. He also helped grow an employee-owned company, producing 19% CAGR over 14 years.Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO®, said, “We are delighted that Bo Underwood has joined our partnership. He is highly accomplished, and his expertise will be of tremendous benefit to the business owners in the area.”According to Bo, “I am honored and delighted to join B2B CFO as a partner in helping business owners build their financial strength, achieve their goals, and improve their lives.”To find out more about, or to connect with Bo, visit b2bcfo.com/bo-underwood.About B2B CFO B2B CFO® provides Strategic Business Advisory Services to owners of privately held companies. We focus on increasing cash and company value. By redefining the way that these services are provided, we have created a new industry, which we dominate and lead. With a nationwide presence, B2B CFO® is the largest company of its kind in this industry. Founded in 1987, we have ranked...
B2B CFO® Strategic Business Advisory Expertise Helps a Struggling Software Company Sell for $11,500,000

B2B CFO® Strategic Business Advisory Expertise Helps a Struggling Software Company Sell for $11,500,000

A B2B EXIT® Case Study ­OVERVIEW With future uncertainty, a Wisconsin-based software and professional services organization was struggling financially in the face of customer attrition and market headwinds. They were armed with a sophisticated software product and strong brand recognition, but during the fourth quarter of 2012, the company CEO, Nancy, was notified that a major customer was electing not to renew their contract. The customer accounted for 45% of the company’s 2012 annual revenue. Experiencing market share pressure, excessive debt, cash flow challenges, negative net worth, and a looming retirement, the owner knew she had to act quickly to ensure survival. This software company needed a trusted business advisor to develop results-driven growth strategies to reassert profitability in the short term, while at the same time positioning the business for an eventual sale. Read more>...
B2B CFO® EXPANDS REACH IN ATLANTA, GEORGIA

B2B CFO® EXPANDS REACH IN ATLANTA, GEORGIA

Don King Joins as Partner in Atlanta, Georgia B2B CFO®, a leader in strategic business advisory services to owners of privately held companies, announced today that Don King has joined as Partner. He is based in Atlanta, GA, and will serve the surrounding area alongside other B2B CFO® partners.Don is a skilled executive with deep financial and operational experience with over 30 years of experience helping a wide range of companies. Prior to joining B2B CFO®, he spent 2 years as President/CFO of G&A Managers where his accomplishments included establishing budgeting processes in multiple environments from creation to 5 year budgets to include operating plans was well as full suite of financials and related KPIs to measure actual operations against. He also professionalized the accounting function by standardizing reporting structure and processes and upgrading talent. His focus included establishing banking/insurance relationships resulting in growth related credit facilities, working capital LOCs, performance bonds and reduced commercial insurance costs. Don led multiple transaction processes including financial, legal and operations on the buy and sell side to ensure overall success.Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO®, said, “We are delighted that Don has joined our partnership. He is highly accomplished, and his expertise will be of tremendous benefit to the business owners in the area.”According to Don, “B2B CFO® brings a unique perspective to this space. There is a tremendous focus on the client and what the client needs to do to be successful or return to prosperity. This is a unique opportunity for owners of privately held companies to gain a competitive advantage in the marketplace over...