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
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 In Los Angeles, CA
John Choi Joins as Partner in Los Angeles, California B2B CFO®, a leader in strategic business advisory services to owners of privately held companies, announced today that John Choi has joined as Partner. He is based in Los Angeles, CA, and will serve the surrounding area alongside other B2B CFO® partners.John is a skilled executive with deep financial and operational experience. With over 20 years of experience helping a wide range of companies, he joined B2B CFO® after spending a year as CFO of Hana Financial, Inc. There, he completed the sale of Hana Small Business Lending, Inc.’s license and converted the subsidiary’s business entity. He also successfully dissolved more than 10 subsidiary business entities and negotiated D&O and E&O insurances resulting in cost savings of $120,000 per year for the company.Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO®, said, “The addition of John Choi to our firm’s stellar group of California-based Partners reflects our continued growth and success in that region. Like John, each B2B CFO Partner brings exceptional skill and impressive professional credentials. We are delighted that he has joined our firm.”According to John, “B2B CFO® has established a very good platform to provide strategic business solutions to the owners of privately held businesses. Especially Jerry L. Mills, the founder and CEO takes pride in being a doctor and a blessing for them. This is a significant differentiation in the market.”To find out more about, or to connect with John, visit b2bcfo.com/john-choi.About B2B CFOB2B CFO® provides Strategic Business Advisory Services to owners of privately held companies. We focus on increasing cash and company value....
B2B CFO® Helped A Business Owner Sell Their Business for $25MM, almost 7.5 times EBITDA.
Randy Walther, a B2B CFO® partner based in Arlington, MA helped his client sell their business for $25 Million. See how he helped them get through the Pandemic to achieve their goals. Read more >...
$375,000 Large Check – A Success Story
The firm’s Founder saw a “untapped vertical” of potential business for its Partners back in 2009. A part of this vision was to create services for this untapped vertical that would provide to our Partners fees that wildly exceeded anything offered in the market. He realized this would not be easy and began the process to invent tools, along with other Partners and experts. Some of the tools invented were: Client Agreements that comply with the SEC and FINRA. Those Agreements were created and published in 2015.A book to educate business owners and the firm’s Partners. That book, The Exit Strategy Handbook, was published in 2013 and is now an award-winning book.Due diligence software, which was published in 2013. That product, B2B Exit® Software, was awarded two patents by the United States Patent and Trademark Office, one in 2019 and another in 2021.The internal educational course, Certified Business Transition Expert™, which was published in 2015 and has continuously been taught to Partners. All of the above were created to help our Partners to service this “untapped vertical,” which we call the Large Check. This phrase has two meanings: External – Helping our clients earn a 7-8 figure check with this opportunity.Internal – Helping our Partners to earn significantly higher-than-market fees. ($1,000 to $16,000 an hour.) Our latest Large Check success story Our previous record for an internal Large Check was $350,000, which was earned by a Partner in Northern California. Our newest record is $375,000, earned by a partner from the Northeast in March 2022. Below are key points we can learn from this success story. Success Feeling – When...B2B CFO® are media experts on, and can speak to the media on:
- - Company Financials
- - Small Business Finance
- - Lending
- - Profit/Loss Statements
- - Exit Strategy
