by Ania Kubicki | Jun 17, 2021 | Local Releases
MESA, Ariz. and WEST JORDAN, Utah (June 17, 2021) – B2B CFO®, a leader in strategic business advisory services to owners of privately held companies, announced today that Thomas Strong has joined the firm’s Mountain States region as Partner. He will be based in West Jordan, Utah, and serve the surrounding area. Strong brings more than 25 years of finance, accounting, risk management and human resources experience in a broad array of industries involving companies from development-stage publicly-traded companies, start-up (pre and post IPO), small family-owned businesses and companies with revenues of more than $300 million. Prior to joining B2B CFO, Strong worked with a consulting firm assisting companies throughout the United States and Canada. Strong held executive management positions, successfully built a national sales force, adding ecommerce capabilities while overseeing key company metrics impacting finance, sales, IT and human resources. He also has international experience with a Belgium-based company where he was responsible for all accounting, operations, treasury and regulatory reporting for all of North and South America. Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO®, said, “We are delighted that Tom has joined our partnership. He is a highly accomplished problem-solving businessman and is a great addition to our firm.” Strong will focus his practice on working with business owners of privately-held companies ranging from well-funded start-ups to companies with 200 employees, assisting business owners increase company value through higher profits, better cash flow, as well as develop and execute transition plans for the business in the Salt Lake and Utah County area. According to Strong, “Joining B2B CFO® as Partner in the Mountain States...
by Ania Kubicki | Jun 14, 2018 | B2B CFO® In The News
Source: http://seattlebusinessmag.com/business-operations/leaving-legacy-how-thoughtful-boomer-business-owners-are-retiring-without SEATTLE, WA – At 65, Charlie Lanasa has long grappled with how best to retire from BestWorth Rommel Inc., the Arlington-based sheet metal fabricator he acquired nearly two decades ago. After putting in 70-hour weeks for the company, which makes gas station canopies and custom siding for clients such as Krispy Kreme and Porsche Bellevue, he wasn’t sure he could let go. And, a couple of years back, he began to have another concern: “I started thinking, ‘What happens if I get hit by a truck?’” LaNasa says. “It would violate all my principles.” LaNasa has always taken pride in operating the business by three principles: Act ethically, provide good stewardship of the firm’s assets, and take care of his employees, customers, vendors and subcontractors. How could he find a new owner who shared his values and who would keep the business in Arlington and provide security for his 100 employees in a community of 19,000? LaNasa’s dilemma is one shared by many among the nation’s growing population of aging business owners. Project Equity, a Bay Area nonprofit, estimates baby boomers born between 1946 and 1964 own 2.34 million businesses across the country and have nearly 25 million workers on their payrolls. In 2017, owners 65 years or older accounted for 36 percent of all small businesses with annual revenue between $100,000 and $10 million, and 45 percent of midsize businesses with yearly revenue between $10 million and $100 million, according to Minneapolis-based Barlow Research Associates. In a 2015 U.S. Census Bureau survey of Washington state’s 183,000 employers, roughly half of the business owners who responded were 55...
by Ania Kubicki | May 8, 2018 | National Releases
Selling or buying a business? B2B CFO’s “The Business Sale Solution” educational seminar highlights hidden dangers of transferring ownership FORT LAUDERDALE, FL. (May 4, 2018) – Out of 20 million privately held companies that exist in the United States today, only 15,755 managed to successfully transfer ownership in 2017 according to Jerry Mills, B2B CFO®. What makes selling a business so challenging in today’s environment? On April 25, 2018, a group of 20 South Florida business owners and advisors met at Bank United – Weston to answer that question and discuss the core issues of preparing companies for a sale. B2B CFO®, a national firm that serves owners of privately held companies with growth and exit strategies, recently launched “The Business Sales Solution” seminar series with a goal to educate business owners about the hidden dangers and risks involved in selling or acquiring a company. The seminar addressed the following questions: (1) What is the #1 concern that business owners share about selling their business? (2) What type of buyer is best for the sale of your business? (3) What is needed to get past the possible deal-killers for your business? “I’m walking away with great information that I didn’t know before” said Mary Beth Casey Franchise Owner of Expedia CruiseShipCenters, Fort Lauderdale who attended the event. “I imagined that the sales process would be complicated, but the presentation provided a process and some insights into how to approach the sale of our business. I feel more aware and therefore, more prepared.” The event was organized by B2B CFO® in cooperation with Weston Hills...
by Ania Kubicki | Aug 27, 2015 | B2B CFO® In The News
B2B CFO Partner Tim McLellan is spotlighted as key player in helping an Atlanta contracting company successfully navigate during its massive growth phase. Click here to read the full article. View PDF_FloorTrends About B2B CFO B2B CFO provides Management Advisory Services to owners of privately held companies. We focus on increasing cash and company value. Our services include improvements in finance, accounting and operations, company growth, as well as helping owners to transfer or sell their companies. Our professionals work directly with business owners, on-site. Each of our 200+ professionals is an equity owner and brings 25 plus years of senior-level experience. With a nationwide presence, B2B CFO is the largest company of its kind in the United States. Founded in 1987 and headquartered in Mesa, Arizona, B2B CFO has ranked in the Inc. 5000 and was recognized in 2018 as one of Forbes Magazine’s “Small Giants.” For more information please visit...