B2B CFO Cements Position as Industry Leader with New Patent

B2B CFO Cements Position as Industry Leader with New Patent

Source: https://www.marketwatch.com/press-release/b2b-cfo-cements-position-as-industry-leader-with-new-patent-2019-06-06 Mesa, Ariz — Patent for firm’s proprietary B2B Exit software in effect until 2035 B2B CFO®, a national firm dedicated to providing management advisory services to privately held companies, has received a patent for its B2B Exit [] software. Jerry L. Mills, founder and chief executive officer of B2B CFO, said the U.S. Patent and Trademark Office approved the firm’s patent application on May 7, 2019. “We’re relentless about the importance of protecting our firm’s intellectual property,” Mills said. “This patent application process took perseverance, but our efforts have paid off. B2B CFO is a one-of-a-kind company, and B2B Exit is a unique product.” B2B Exit was created for business owners who are buying or selling a company. In essence, it helps them keep control of the sales or acquisition process by analyzing, adjusting and tracking differences between a company’s current value and its target sale value. One of the best features of the software is it tracks the assignments given to each individual on the team and lets business owners know when important tasks are late. Time kills deals and Mills believes business owners should know when team members are not performing tasks on time. Bo Burlingham, award-winning author, editor-at-large of Inc. and a columnist for Forbes, wrote about B2B Exit in his book Finish Big: How Great Entrepreneurs Exit Their Companies on Top. Mills earned recognition from the Alliance of Merger & Acquisition Advisors for his own book, The Exit Strategy Handbook: The Best Guide for a Business Transition, which he wrote as a companion piece for the B2B Exit software program. The organization named...
B2B CFO Strengthens Position as Industry Leader Serving More than 1,000 Clients with Combined Revenue of $16.8 Billion

B2B CFO Strengthens Position as Industry Leader Serving More than 1,000 Clients with Combined Revenue of $16.8 Billion

B2B CFO on Track for Record-breaking Year MESA, Ariz. — B2B CFO, the nation’s largest firm dedicated to serving privately held companies with CFO consulting and business transition services, is further strengthening its leadership position this year with national recognition, increased number of clients, and overall improvements to its industry leading program “The Business Sales Solution.” These milestones demonstrate the company’s achievements and continued leadership. The firm’s 220 Partners now serve 1,050 businesses around the nation with subsidiaries around the globe. Those businesses, although all privately-held, represent a diverse number of industries from manufacturing to retail, and have a combined revenue of $16.8 Billion. A recent company-wide survey which tracks the firm’s overall impact, noted a significant increase in the demand for business ownership transition services. According to the survey, 11% of the firm’s total clients are currently in the exit process, actively working with B2B CFO Partners to accomplish their transfer of business ownership goals. A majority of the clients, a total of 51.5% of the 1,050 currently engaged with B2B CFO’s Partners, are considering selling their businesses in the near future. “B2B CFO has seen tremendous momentum this year, driven by numerous strategic actions such as the launch of our successful Business Sales Solution program, an increase in the demand for our exit service expertise and a myriad of accolades and awards, including the recognition as a Forbes Small Giant company for 2018,” said Jerry Mills, founder and CEO of B2B CFO. “It’s one thing to be the largest. We became that a long time ago. But it is our responsibility to continually innovate our services and...
Leaving a Legacy: How Thoughtful Boomer Business Owners Are Retiring Without Burdening Their Employees or Their Communities

Leaving a Legacy: How Thoughtful Boomer Business Owners Are Retiring Without Burdening Their Employees or Their Communities

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...
South Florida Business Journal: People on the Move

South Florida Business Journal: People on the Move

B2B CFO Partner Dan Young was mentioned in South Florida Business Journal’s “People on the Move” section for his recent hiring.     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...