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 LOS ANGELES, CALIFORNIA

B2B CFO® EXPANDS REACH IN LOS ANGELES, CALIFORNIA

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 Honors Top Earners During the 2021 National Partners Meeting

B2B CFO Honors Top Earners During the 2021 National Partners Meeting

Celebration at the annual National Partners Meeting recognizes top B2B CFO Partners who in 2019 and in 2020 demonstrated exceptional performance February 24, 2021 (Mesa, Arizona) — B2B CFO, a leader in strategic business advisory services to owners of privately held companies, recognized its best-achieving Partners of 2019 and 2020 as “Top Earners” during a virtual celebration held January 29-30, 2021. Originally scheduled to take place at The Hilton Phoenix Resort at the Peak, the 2021 National Partners Meeting and awards ceremony was instead streamed live in response to the Coronavirus (COVID-19) pandemic. Featuring speakers, sponsor presentations and virtual networking, the 2021 Partners Meeting was highlighted by the awards presentation. The Top 20 Earners for each year are an elite group and are recognized for exceptional performance. “We are extremely grateful to and proud of all of our Partners and their consistent excellence in the field,” remarked Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO. “Our Top 20 Earners did not let challenges or current circumstances get in the way of success. Their integrity and determination to help business owners during stressful times were the key to their success. Please join us in congratulating them on this tremendous achievement.” The following were recognized at the 2021 meeting: The B2B CFO Partners who took the Top Earners recognition for 2019 begin with highest ranking Greg Simmons, who took the number one spot, closely followed by Glen Katlein, Allen Crouch, David Whitwell, Dave Saunders, Colin Funk, Sal Burd, Richard Franco, Sheri Pawlik, Allan Maguire, Dave Fouts, Bob Boulanger, Mark Crowley, Dave Lemon, Kevin Campbell, Ken Knapik, Ken Saddler,...
America’s Top CFOs Help Secure $251M in PPP Loans

America’s Top CFOs Help Secure $251M in PPP Loans

MESA, Ariz., July 24, 2020 /PRNewswire-PRWeb/ — In the wake of COVID-19 dealing a hard blow to the economy, B2B CFO, a national firm dedicated to providing management advisory services to privately held companies, came forward to offer advice and Paycheck Protection Program (PPP) application assistance to privately held businesses across the country. A survey completed by B2B CFO partners indicated that they assisted 519 businesses to receive approximately $251 million in PPP loans during the first three months of the pandemic. “The PPP loans these companies received have kept about 25,000 people employed,” stated Jerry L. Mills, founder and CEO. “Not only have we helped those employees, but by extension their families.” For every job that was protected by PPP loans, there is a family that was able to continue putting food on the table, cover rent and utilities, or otherwise continue on without the uncertainty created by business closures and stay-at-home orders. While it is hard to know exactly how many lives were directly impacted by the loans, Mills says that estimating four people to a household means their work has kept life stable for approximately 100,000 during the pandemic. B2B CFO partners worked with business owners in one-on-one sessions designed to inform them about immediate actions, navigate the PPP loan application process, plan cash flow through closures, and provide valuable insights on how they could restart their businesses. But for the company, which has a history of working with business owners stricken by natural disasters, the consulting sessions were more than a bottom line – the overall impact on each business that received a loan allowed...